Delisting disclosure requirements mandate comprehensive public announcements detailing price, bidding, timetable and material facts standards. Delisting of securities requires a structured public announcement specifying the floor price and its computation, bidding opening and closing dates, exchange(s) involved, trading members and bidding terminals, methodology for acceptable price, validity period, necessity and object of the delisting, and full disclosure of all material facts. It must provide a timetable for offer opening to transfer settlement, escrow account details, present and likely post-delisting capital structure, listing and stock market data, shareholding pattern and aggregate promoter holdings, and the compliance officer's name, and be signed and dated by the promoter.
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.
Delisting disclosure requirements mandate comprehensive public announcements detailing price, bidding, timetable and material facts standards.
Delisting of securities requires a structured public announcement specifying the floor price and its computation, bidding opening and closing dates, exchange(s) involved, trading members and bidding terminals, methodology for acceptable price, validity period, necessity and object of the delisting, and full disclosure of all material facts. It must provide a timetable for offer opening to transfer settlement, escrow account details, present and likely post-delisting capital structure, listing and stock market data, shareholding pattern and aggregate promoter holdings, and the compliance officer's name, and be signed and dated by the promoter.
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