Chapter IV - OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES (From Regulation 15 to Regulation 48)
Chapter VA - CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES (From Regulation 62B to Regulation 62Q)
Chapter VI - OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH (From Regulation 63 to Regulation 64)
Chapter VIA - FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING (From Regulation 64A to Regulation 64I)
Regulation 64H - Delisting from some of the stock exchanges
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter VIA FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING
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Delisting of debt securities: issuers may delist from regional exchanges while retaining one nationwide listing, subject to approvals. Where non-convertible debt securities or non-convertible redeemable preference shares are listed on multiple exchanges, the issuer may delist from all but one nationwide exchange and is exempt from regulations 64B-64G. The issuer must obtain board approval, apply to the stock exchange, disclose the delisting and reasons on its website, and, for debt securities, obtain a No-Objection Letter from the debenture trustee. The stock exchange must dispose of a complete application within thirty working days.
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 debt securities: issuers may delist from regional exchanges while retaining one nationwide listing, subject to approvals.
Where non-convertible debt securities or non-convertible redeemable preference shares are listed on multiple exchanges, the issuer may delist from all but one nationwide exchange and is exempt from regulations 64B-64G. The issuer must obtain board approval, apply to the stock exchange, disclose the delisting and reasons on its website, and, for debt securities, obtain a No-Objection Letter from the debenture trustee. The stock exchange must dispose of a complete application within thirty working days.
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