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of <h1>Independent Valuer Required for Fair Share Valuation in Compulsory Delisting; Promoter Must Acquire Shares Within 3 Months</h1> In the event of a compulsory delisting of a company's equity shares, the recognized stock exchange is required to appoint an independent valuer to determine the fair value of these shares. The promoter of the company must then acquire the delisted shares from public shareholders at this determined value within three months, although shareholders have the option to retain their shares. A valuer can be a chartered accountant or a merchant banker, and the valuation must consider factors outlined in regulation 15.
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