SPECIAL PROVISIONS FOR A SUBSIDIARY COMPANY GETTING DELISTED THROUGH A SCHEME OF ARRANGEMENT WHEREIN THE LISTED HOLDING COMPANY AND THE SUBSIDIARY COMPANY ARE IN THE SAME LINE OF BUSINESS - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
SPECIAL PROVISIONS FOR A SUBSIDIARY COMPANY GETTING DELISTED THROUGH A SCHEME OF ARRANGEMENT WHEREIN THE LISTED HOLDING COMPANY AND THE SUBSIDIARY COMPANY ARE IN THE SAME LINE OF BUSINESS - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
Listing restriction on delisted shares: cooling off periods apply, with limited exceptions and fresh listing treatment. Regulation 40 restricts listing applications for delisted equity shares by imposing cooling off periods-three years for delisting under Chapter III or VI ... Summary
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
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.
Listing restriction on delisted shares: cooling off periods apply, with limited exceptions and fresh listing treatment.
Regulation 40 restricts listing applications for delisted equity shares by imposing cooling off periods-three years for delisting under Chapter III or VI and ten years for Chapter V-while allowing limited exceptions (insolvency resolution plan, innovators growth platform delisting after an IPO, and regulation 35 delistings). Applications for re listing are treated as fresh listings subject to unlisted company listing laws; recognised stock exchanges must weigh the circumstances of the prior delisting, and companies must disclose reasons for seeking listing after delisting.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.