Difference between Dirisavi board and Main board.

Mahawawtta · 1 Difference between Dirisavi board and Main board. Wed Jan 29, 2014 10:24 am

Mahawawtta

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Can somebody tell me the difference with Dirisivi board and Main board.

Slstock

Slstock

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Diri Savi board share need to release results 2 tiems a year ( 6 months).

Main board every 3 months.

There are criteria to be on the Diri Savi vs Main.

knockknobbler

knockknobbler

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Further to above by, @slstock,

2.1.2 ELIGIBILITY TO BE LISTED ON THE MAIN BOARD
(a) Stated Capital of not less than Rupees Five Hundred Million (Rs.500,
000,000/-) at the time of listing,
(b) Net profit after tax for three (3) consecutive years immediately preceding the date of application,
(c) Positive Net Assets as per the consolidated audited financial statements for the last two (2) financial years immediately preceding the date of application, and,
(d) A minimum Public Holding of 25% of the total number of shares for which

the listing is sought which shall be in the hands of a minimum number of 1,000 public shareholders holding not less than 100 shares each. The Exchange may accept a percentage lower than 25% of the total number of listed shares if the Exchange is satisfied that such lower percentage is sufficient for a liquid market in such shares.

2.1.3 ELIGIBILITY TO BE LISTED ON THE DIRISAVI BOARD
a. Stated Capital of not less than Rupees Hundred Million(Rs.100, 000,000/-) at the time of listing,

b. Positive Net Assets as per the consolidated audited financial statements for the financial year immediately preceding the date of application,

c. A minimum Public Holding of 10% of the total number of shares for which the listing is sought shall be in the hands of a minimum number oftwo hundred (200) Public Shareholders.

In the event the applicant Entity is seeking a listing on the Exchange by way of an Introduction, such Entity shall ensure that not more than 50% of the shares in the hands of the Public Shareholders are held by the three (03) largest Public Shareholders of the Entity at the time of listing.
d. An operating history of at least one (1) year immediately preceding the date of application.

For the purposes of Rules 2.1.2c and 2.1.3b ‘Net Assets’ shall mean total assets after deducting total liabilities, preference share capital and advance against share capital.

For further details, Pl refer .......

http://www.cse.lk/listing_rules.do

PDF - section 2 Listing of Shares and Debentures

sriranga

sriranga

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Plus following circular also came into effect from 01/01/2014.

http://www.sec.gov.lk/?p=6331&lang=en

hariesha

hariesha

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slstock wrote:Diri Savi board share need to release results 2 tiems a year ( 6 months).

Main board every 3 months.

There are criteria to be on the Diri Savi vs Main.

All companies in CSE should release results in every three months, irrespective of the listed board.

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Difference between Dirisavi board and Main board.

1 Difference between Dirisavi board and Main board. Wed Jan 29, 2014 10:24 am

Mahawawtta

2 Re: Difference between Dirisavi board and Main board. Wed Jan 29, 2014 10:26 am

Slstock

3 Re: Difference between Dirisavi board and Main board. Wed Jan 29, 2014 11:10 am

knockknobbler

4 Re: Difference between Dirisavi board and Main board. Wed Jan 29, 2014 11:27 am

sriranga

5 Re: Difference between Dirisavi board and Main board. Wed Jan 29, 2014 10:39 pm

hariesha

6 Re: Difference between Dirisavi board and Main board.

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