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of <h1>SEBI Bars Delisted Company Promoters from Securities Market for 10 Years; Mandates Fair Share Buyout for Public Shareholders.</h1> The circular issued by SEBI outlines restrictions on promoters and whole-time directors of companies that have been compulsorily delisted. Such individuals and the companies they promote are barred from accessing securities markets for ten years post-delisting. Promoters must acquire delisted shares from public shareholders at a fair value determined by an independent valuer. Until an exit option is provided, transfers of equity shares and corporate benefits for promoters are frozen, and they cannot serve as directors of listed companies. Stock exchanges and depositories must ensure compliance, and SEBI may take further action for non-compliance.
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