You have been newly appointed SEBI consultant, for Techno AVR Ltd. This is a fintech Start-up company incorporated in 2010 under the Companies Act 1956. Their management, is seeking to list the company on the BSE SME pla

Eligibility for BSE SME Platform: Techno AVR Ltd. is incorporated under the Companies Act, 1956 (now Companies Act, 2013), hence it can be listed on BSE SME Platform provided it fulfils other criteria required for SME Listing on BSE. Tangible assets requirement: Net Tangible Assets of Techno AVR Ltd. should be ₹1.5 Crore in the last preceding (full) financial year. Post issue paid up capital: The post issue paid up capital of Techno AVR Ltd. shall not be more than ₹25 crores. Trading of securities in demat form: It is mandatory for Techno AVR Ltd. to facilitate trading of securities only in demat form and enter into an agreement with both the depositories i.e. NSDL and CDSL. Impact of promoter change on listing: There should not be any change in the promoters of the company in the preceding one year from the date of filing the application to BSE for listing under the SME segment. Since the defined period of one year has not yet been passed (promoter change 10 months ago), Techno AVR Ltd. will not be eligible for listing at this time.