Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Introduces New Rules for Delisting Equity Shares, Including Shareholder Approval and Reverse Book Building Process.</h1> The Securities and Exchange Board of India (SEBI) has established the Delisting of Equity Shares Regulations, 2021, which governs the process for voluntary and compulsory delisting of equity shares from recognized stock exchanges. The regulations outline the procedures, conditions, and obligations for companies, acquirers, and stock exchanges involved in delisting. Key provisions include the requirement for shareholder approval, the establishment of an escrow account, and the reverse book building process to determine the discovered price. The regulations also address special provisions for small companies, innovators growth platforms, and subsidiary companies undergoing delisting through a scheme of arrangement. Additionally, the regulations provide guidelines for compulsory delisting by stock exchanges and outline the rights of public shareholders in such cases.