Non compliant listing under Rule 19(2)(b) must be referred to the securities regulator for exemption, not listed directly. Listing of equity securities not meeting Rule 19(2)(b) - including amalgamation, arrangement, demerger and hive off cases - must not be carried out directly by stock exchanges and must be referred to the securities regulator for appropriate exemption with the recommending exchange's recommendations; this instruction supersedes earlier guidance.
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.
Non compliant listing under Rule 19(2)(b) must be referred to the securities regulator for exemption, not listed directly.
Listing of equity securities not meeting Rule 19(2)(b) - including amalgamation, arrangement, demerger and hive off cases - must not be carried out directly by stock exchanges and must be referred to the securities regulator for appropriate exemption with the recommending exchange's recommendations; this instruction supersedes earlier guidance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
