Delisting by operation of law requires shareholder rights to follow winding up laws and lets the regulator set listed share status. Where a company with listed equity shares undergoes winding up, shareholder rights shall be governed by the laws applicable to those winding up ... Summary
Delisting by operation of law requires shareholder rights to follow winding up laws and lets the regulator set listed share status.
Where a company with listed equity shares undergoes winding up, shareholder rights shall be governed by the laws applicable to those winding up proceedings. Where the regulator withdraws or refuses renewal of recognition of a stock exchange, the regulator may, in the interest of investors, pass appropriate orders concerning the status of equity shares listed on that exchange.
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