Public shareholders definition clarifies which investors are eligible in delisting processes under SEBI delisting regulations. Regulation 2 defines terms for the SEBI delisting regime: Act, Board, company, recognised stock exchange, Schedule and working days; distinguishes voluntary delisting (company-filed under Chapter III) from compulsory delisting (exchange-driven under Chapter V); and defines public shareholders as excluding promoters, promoter group and persons acting in concert, acquirers and their persons acting in concert, and custodians holding overseas depository receipts. It also adopts meanings of control, person acting in concert, promoter and promoter group from the Substantial Acquisition and Takeovers Regulations and supplies that remaining undefined terms derive their meanings from the Act, the Securities Contracts (Regulation) Act or the Companies Act.
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.
Provisions expressly mentioned in the judgment/order text.
Public shareholders definition clarifies which investors are eligible in delisting processes under SEBI delisting regulations.
Regulation 2 defines terms for the SEBI delisting regime: Act, Board, company, recognised stock exchange, Schedule and working days; distinguishes voluntary delisting (company-filed under Chapter III) from compulsory delisting (exchange-driven under Chapter V); and defines public shareholders as excluding promoters, promoter group and persons acting in concert, acquirers and their persons acting in concert, and custodians holding overseas depository receipts. It also adopts meanings of control, person acting in concert, promoter and promoter group from the Substantial Acquisition and Takeovers Regulations and supplies that remaining undefined terms derive their meanings from the Act, the Securities Contracts (Regulation) Act or the Companies Act.
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