Voluntary delisting procedure requires board approval, public notice and stock exchange application with annual report disclosure. Voluntary delisting under Regulation 7 requires board approval by resolution, publication of a public notice in specified national and regional newspapers stating the exchanges affected, reasons for delisting and continuation of nationwide listing, submission of an application to the recognised stock exchange for delisting, and disclosure of the delisting in the first annual report prepared after delisting. The recognised stock exchange must dispose of a complete application within a prescribed period of working days from receipt.
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.
Voluntary delisting procedure requires board approval, public notice and stock exchange application with annual report disclosure.
Voluntary delisting under Regulation 7 requires board approval by resolution, publication of a public notice in specified national and regional newspapers stating the exchanges affected, reasons for delisting and continuation of nationwide listing, submission of an application to the recognised stock exchange for delisting, and disclosure of the delisting in the first annual report prepared after delisting. The recognised stock exchange must dispose of a complete application within a prescribed period of working days from receipt.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
