Regulatory relaxation: Board may grant exemptions from strict delisting rules when investor interests and market integrity require it. Regulation 25A empowers the Board to grant relaxation from strict compliance with the Delisting Regulations if satisfied it is in the interests of investors and the securities market. Applicants (promoter, acquirer or company) must file an application supported by a sworn affidavit stating grounds for exemption and pay a prescribed non-refundable fee by specified payment modes. The Board shall afford a reasonable opportunity of being heard, consider relevant facts, and pass a reasoned order granting or rejecting the relaxation expeditiously.
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.
Regulatory relaxation: Board may grant exemptions from strict delisting rules when investor interests and market integrity require it.
Regulation 25A empowers the Board to grant relaxation from strict compliance with the Delisting Regulations if satisfied it is in the interests of investors and the securities market. Applicants (promoter, acquirer or company) must file an application supported by a sworn affidavit stating grounds for exemption and pay a prescribed non-refundable fee by specified payment modes. The Board shall afford a reasonable opportunity of being heard, consider relevant facts, and pass a reasoned order granting or rejecting the relaxation expeditiously.
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