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
Compulsory delisting criteria require promoter tracing, shareholder impact assessment, ROC verification and targeted enforcement. Compulsory delisting requires the recognised stock exchange to trace promoters to ensure compliance with sub regulation (3) of regulation 23, consider the ... Summary
Referred In :
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009
Compulsory delisting requires the recognised stock exchange to trace promoters to ensure compliance with sub regulation (3) of regulation 23, consider the nature and extent of alleged non compliance and the number and percentage of affected shareholders, verify compliance status with the Registrar of Companies, publicly display names of companies proposed for delisting and their promoters on the exchange website, and where appropriate file prosecutions or seek winding up/strike off of the company.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.