Conditions and procedure for delisting where exit opportunity is not required - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
Conditions and procedure for delisting where exit opportunity is not required - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
Compulsory delisting: exchange-ordered removal after panel review, public notice, representations and disclosure of fair value and promoter liability. A recognised stock exchange may delist equity shares by a reasoned order after giving the company a reasonable opportunity to be heard and deciding ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Compulsory delisting: exchange-ordered removal after panel review, public notice, representations and disclosure of fair value and promoter liability.
A recognised stock exchange may delist equity shares by a reasoned order after giving the company a reasonable opportunity to be heard and deciding through a prescribed panel; it must publish advance notice for representations, consider those representations and Schedule III guidelines, and on ordering delisting disclose the company, the fair value of delisted shares, promoter liability information, notify other exchanges and publish the order online. Chapter IV does not apply to compulsory delisting under this Chapter.
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