Streamlining issuance of SCORES Authentication for companies intending to list their securities on SEBI recognized stock exchanges
Summary
SEBI introduces an online mechanism for companies intending to list securities on recognized stock exchanges to obtain SCORES credentials. This process replaces the previous requirement of submitting physical or email copies of Form-A with a digital form accessible via the SCORES website. Companies must attach a specific declaration regarding their listing status and receive credentials via email.
Text
It has now been decided to introduce an online mechanism for obtaining SCORES credentials for all “companies intending to list their securities on SEBI recognized stock exchanges”. The online form can be accessed on the SCORES website www.scores.gov.in .
Companies shall attach a declaration, with the online form, on the letter head of the company signed by the Compliance Officer... a. Companies intending to list on Main Board: A Declaration that the DRHP has been submitted with SEBI. b. Companies intending to list on SME/Debt Platform... A Declaration that an application to list its securities has been submitted with the stock exchange/in-principal approval...
The SCORES credentials shall be sent to the e-mail id of the Compliance Officer/Dealing Officer as provided in the online form.
In view of the same, companies are no longer required to submit physical copy of Form-A or e-mail the same to SEBI, as provided in Circular No. CIR/OIAE/1/2014 dated December 18, 2014.
An Instruction document has been provided with the Online Form. Companies are encouraged to go through the Instruction document before filling up and submitting the online form.
This Circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Streamlining issuance of SCORES Authentication for companies intending to list their securities on SEBI recognized stock exchanges. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.