Compulsory delisting criteria require promoter tracing, shareholder impact assessment, ROC verification and targeted enforcement. Compulsory delisting requires the recognised stock exchange to trace promoters to ensure compliance with sub regulation (3) of regulation 23, consider the nature and extent of alleged non compliance and the number and percentage of affected shareholders, verify compliance status with the Registrar of Companies, publicly display names of companies proposed for delisting and their promoters on the exchange website, and where appropriate file prosecutions or seek winding up/strike off of the company.
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.
Compulsory delisting requires the recognised stock exchange to trace promoters to ensure compliance with sub regulation (3) of regulation 23, consider the nature and extent of alleged non compliance and the number and percentage of affected shareholders, verify compliance status with the Registrar of Companies, publicly display names of companies proposed for delisting and their promoters on the exchange website, and where appropriate file prosecutions or seek winding up/strike off of the company.
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