Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter VIA FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING
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Delisting failure: lack of required approvals or debenture trustee no-objection triggers prompt exchange notification requirement. Failure of delisting proposal is triggered by non-receipt of in-principle stock exchange approval, non-receipt of requisite approval from holders of ... Summary
Delisting failure: lack of required approvals or debenture trustee no-objection triggers prompt exchange notification requirement.
Failure of delisting proposal is triggered by non-receipt of in-principle stock exchange approval, non-receipt of requisite approval from holders of non-convertible debt securities or non-convertible redeemable preference shares, or non-receipt of a No-Objection Letter from the debenture trustee; the listed entity must notify the stock exchanges within one working day of the failure event.
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