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    <description>Regulation 3 provides that the delisting regulations apply to equity shares listed on recognised stock exchanges but exclude securities traded on an institutional trading platform; it defines &quot;shares&quot; to include equity shares with superior voting rights and exempts delisting effected under a sanctioned statutory scheme that prescribes a delisting procedure or provides an exit option to public shareholders.</description>
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      <description>Regulation 3 provides that the delisting regulations apply to equity shares listed on recognised stock exchanges but exclude securities traded on an institutional trading platform; it defines &quot;shares&quot; to include equity shares with superior voting rights and exempts delisting effected under a sanctioned statutory scheme that prescribes a delisting procedure or provides an exit option to public shareholders.</description>
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