Applicability of delisting regulations: prior special resolutions may proceed if implemented promptly; otherwise fresh resolution under new rules required. If a special resolution under the earlier Delisting Guidelines was passed before commencement of the Delisting Regulations, the delisting may proceed under the Delisting Guidelines only if that resolution is acted upon within three months of this circular; 'acted upon' requires implementation steps including opening the book building process for determination of the exit price under Clause 8.1. If not acted upon within that period, a fresh special resolution is required and delisting must proceed under the Delisting Regulations.
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.
Applicability of delisting regulations: prior special resolutions may proceed if implemented promptly; otherwise fresh resolution under new rules required.
If a special resolution under the earlier Delisting Guidelines was passed before commencement of the Delisting Regulations, the delisting may proceed under the Delisting Guidelines only if that resolution is acted upon within three months of this circular; "acted upon" requires implementation steps including opening the book building process for determination of the exit price under Clause 8.1. If not acted upon within that period, a fresh special resolution is required and delisting must proceed under the Delisting Regulations.
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