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
Regulation 5 - Delisting from some of the recognised stock exchanges
Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Part A Conditions and procedure for delisting where exit opportunity is not required
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Delisting without exit opportunity allowed when shares remain listed on a nationwide trading exchange. A company may delist its equity shares from one or more recognised stock exchanges without providing an exit opportunity to public shareholders if, after the proposed delisting, the equity shares remain listed on any recognised stock exchange that has nationwide trading terminals.
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 without exit opportunity allowed when shares remain listed on a nationwide trading exchange.
A company may delist its equity shares from one or more recognised stock exchanges without providing an exit opportunity to public shareholders if, after the proposed delisting, the equity shares remain listed on any recognised stock exchange that has nationwide trading terminals.
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