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        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.

        <h1>Compulsory delisting triggers promoter acquisition at fair value and freezes transfers and corporate benefits until public exit option provided.</h1> Recognised stock exchanges may compulsorily delist companies under specified statutory provisions for prolonged suspension of trading. Under Regulation 23, promoters must acquire shares from public shareholders at a fair value determined by an independent valuer, subject to shareholders' option to retain shares. SEBI directed restraints on transfers and a freeze on corporate benefits for promoters' holdings where fair value is positive, and barred promoters and whole-time directors from serving as directors of any listed company until the exit option is provided and certified by the exchange.

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