BSE Limited is the owner and operator of BSE Exchange( Bombay Stock Exchange) ,Indiaslargest stock exchange by number of companies listed. The Bombay Stock Exchange was established in the year 1875 as the first stock exchange in Asia. Today, BSE has over 5000 companies listed on it, the highest in any exchange around the world.
a) When and Why is a company supposed to make an application to one or more recognised stock exchanges?
b) Can the stock exchange reject the application of a company for listing of securities? What are its consequences?
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