SPECIAL PROVISIONS FOR SMALL COMPANIES AND DELISTING BY OPERATION OF LAW - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
SPECIAL PROVISIONS FOR SMALL COMPANIES AND DELISTING BY OPERATION OF LAW - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
Regulatory relaxation: Board may grant exemptions from strict delisting rules when investor interests and market integrity require it. Regulation 25A empowers the Board to grant relaxation from strict compliance with the Delisting Regulations if satisfied it is in the interests of ... Summary
Regulatory relaxation: Board may grant exemptions from strict delisting rules when investor interests and market integrity require it.
Regulation 25A empowers the Board to grant relaxation from strict compliance with the Delisting Regulations if satisfied it is in the interests of investors and the securities market. Applicants (promoter, acquirer or company) must file an application supported by a sworn affidavit stating grounds for exemption and pay a prescribed non-refundable fee by specified payment modes. The Board shall afford a reasonable opportunity of being heard, consider relevant facts, and pass a reasoned order granting or rejecting the relaxation expeditiously.
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