Amnesty Scheme for listed Company

Introduction
Madhya Pradesh Stock Exchange Limited (MPSEL) in its 90th year of operations is the only permanently recognized stock exchange in Central India. MPSE is in the process of reviving its Trading Platform pursuant to a MoU with National Stock Exchange Limited under Section 13 of SCRA. With this MoU all listed companies at MPSE complying with predefined norms and procedures as laid down by NSE shall be eligible to trade at NSE under permitted category. In regard to this the Exchange has come up with AMNESTY Scheme for all its listed companies. This Scheme is one time golden opportunity to all companies for regularization of its listing at the Madhya Pradesh Stock Exchange. The Scheme envisages providing one time relaxation to the companies in relation to listing agreement compliances and outstanding annual listing fees due of the companies.

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Applicability of Scheme
The Scheme will be applicable to all those companies which are listed on Madhya Pradesh Stock Exchange.

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Eligibility Norms to enter into the Scheme
In order to avail the benefits of the scheme the companies will be required to pay the outstanding Annual Listing fees in the manner provided in the scheme. It will also be required to submit all the listing agreement compliances from 1st January 2008 to the date of submission along with the undertaking from the company that the company shall comply with all the rules, regulations, directives, guidelines, orders issued by Securities and Exchange Board of India, Stock Exchanges or any other Regulatory Authorities in connection with various compliances applicable to the companies and the company shall refrain from committing any irregularities in compliances in future. Further on entering into scheme companies will be required to give undertaking to not to approach stock exchange for delisting upto 3 years.

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Key Issues of the scheme

•	Payment of Listing Fees :- The company will have to clear all its dues towards Listing fees.
•	Waiver in Interest :- The Exchange charges interest @12%p.a for non payment/delayed payment of listing fee by the company. The Amnesty scheme provides for full waiver of interest on non payment/delayed payment of listing fee by the company.
•	Revocation of suspension :- Under the Scheme the company would be eligible to revoke the Suspension being imposed on it by the Exchange for non compliance of the listing agreement and once again would be eligible to regularize its Listing Status without payment of revocation of suspension fees for the same.
•	Condonation fees :- The Stock Exchange levies monetary penalty on delay/non submission of documents under the Listing agreement. Under the scheme, the companies will get a one time opportunity to get the non compliance of listing agreement condoned without paying any penalty whatsoever. It may however be mentioned that the Exchange shall not condone the delay in filing of Disclosures under SAST Regulations.

Conclusion
Madhya Pradesh Stock Exchange Limited is providing a one time golden opportunity to all listed companies to avail the following benefits:

•	100% Waiver of interest on non-payment of listing fee
•	Waiver of full amount of reinstatement fees
•	Waiver of condonation fees for non compliance of listing agreement
•	Amnesty scheme valid till 30th June 2011

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Avail this one time golden opportunity :
For revocation of suspension in the trading of securities of your company without payment of Re-instatement fees, Condonation fees.

For creating wealth and providing financial benefits to investors by avoiding delisting of your scrips from the Exchange.

For prompt, efficient and timely services for listing of securities.

For any clarifications please contact:
Ms. Shruti Jain, Executive Director,MPSE
Phone : 0731-4008301