Distinguish between the following: (i) Listed securities and Permitted securities

(i) Listed Securities and Permitted Securities Listed Securities: The securities admitted for dealing on stock exchange after complying with all the listing requirements and played by the Board on the list of cleared securities are called Listed Securities. Permitted Securities: The securities listed on some of the recognized stock exchanges, when permitted to be traded by those stock exchanges where they are not listed are called Permitted securities. Such permission is given if suitable provisions exist in the regulations of the concerned stock exchanges.