Annual listing fee payable despite trading suspension: SAT

Enchante Jewellery Ltd. Vs BSE Ltd. (SAT Mumbai) In the instant case, the appellant’s securities was suspended w.e.f. January 07, 2002. The appellant failed to discharge its obligation which it was required to pay the annual listing fee inspite of such suspension. We are of the opinion, that listing of securities and trading of securities are two distinct and well understood terms. The securities of a listed company may continue to be listed on the platform of the Exchange but trading in its securities may be suspended for various reasons. The fact that the trading of the securities of the a...