Part C - SPECIAL PROVISIONS FOR A SUBSIDIARY COMPANY GETTING DELISTED THROUGH A SCHEME OF ARRANGEMENT WHEREIN THE LISTED HOLDING COMPANY AND THE SUBSIDIARY COMPANY ARE IN THE SAME LINE OF BUSINESS
Delisting of equity shares: rules set scope and carve out innovators platform and insolvency-plan exit procedures with disclosure. These regulations govern the delisting of equity shares, including shares with superior voting rights, from recognised stock exchanges. Exclusions include shares listed on the innovators growth platform admitted without a public issue, and delisting or exit provided under an approved Insolvency Code resolution plan where an exit opportunity is provided at a price not less than that afforded to a promoter or promoter-group entity; delisting details and exit-price justification must be disclosed to the recognised stock exchange(s) within one day of plan approval.
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 of equity shares: rules set scope and carve out innovators platform and insolvency-plan exit procedures with disclosure.
These regulations govern the delisting of equity shares, including shares with superior voting rights, from recognised stock exchanges. Exclusions include shares listed on the innovators growth platform admitted without a public issue, and delisting or exit provided under an approved Insolvency Code resolution plan where an exit opportunity is provided at a price not less than that afforded to a promoter or promoter-group entity; delisting details and exit-price justification must be disclosed to the recognised stock exchange(s) within one day of plan approval.
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