Partial delisting rules: No exit offer if shares remain listed on an exchange with nationwide trading terminals. Regulation 6 allows a company to delist equity shares from one or more recognised stock exchanges while remaining listed on others; if the shares remain listed on a recognised stock exchange having nationwide trading terminals no exit opportunity to public shareholders is required, but if they do not remain so listed an exit opportunity must be given to all public shareholders in accordance with Chapter IV. A recognised stock exchange having nationwide trading terminals includes the Bombay Stock Exchange Limited, the National Stock Exchange of India Limited, or any other exchange specified by the Board.
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.
Partial delisting rules: No exit offer if shares remain listed on an exchange with nationwide trading terminals.
Regulation 6 allows a company to delist equity shares from one or more recognised stock exchanges while remaining listed on others; if the shares remain listed on a recognised stock exchange having nationwide trading terminals no exit opportunity to public shareholders is required, but if they do not remain so listed an exit opportunity must be given to all public shareholders in accordance with Chapter IV. A recognised stock exchange having nationwide trading terminals includes the Bombay Stock Exchange Limited, the National Stock Exchange of India Limited, or any other exchange specified by the Board.
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