Listing transition for companies on de-recognized exchanges: nationwide exchanges must prioritise relisting or facilitate voluntary delisting. Companies exclusively listed on de-recognized/non-operational stock exchanges may seek prioritised relisting on nationwide exchanges, which must create dedicated cells to process such requests, or opt for voluntary delisting using reverse book building. Voluntary delisting under these provisions is exempt from the Minimum Public Shareholding requirements. Exchanges must identify untraceable or outdated-data companies for the vanishing list; failing relisting or delisting, exchanges must place affected companies on the dissemination board and transfer their databases to SEBI and the respective dissemination boards.
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.
Listing transition for companies on de-recognized exchanges: nationwide exchanges must prioritise relisting or facilitate voluntary delisting.
Companies exclusively listed on de-recognized/non-operational stock exchanges may seek prioritised relisting on nationwide exchanges, which must create dedicated cells to process such requests, or opt for voluntary delisting using reverse book building. Voluntary delisting under these provisions is exempt from the Minimum Public Shareholding requirements. Exchanges must identify untraceable or outdated-data companies for the vanishing list; failing relisting or delisting, exchanges must place affected companies on the dissemination board and transfer their databases to SEBI and the respective dissemination boards.
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