https://www.taxtmi.com/acts?id=39994 Delisting outside Chapter IV is permitted for qualifying small companies meeting paid-up capital, net worth and low trading thresholds and no recent suspension. The acquirer must appoint a Manager, offer an exit price at or above the prescribed floor, notify all public shareholders with price justification, and obtain written consent from ninety percent or more of public shareholding to sell or remain. The acquirer must finalise consents within seventy five working days and pay cash consideration within fifteen working days thereafter; late payment attracts interest subject to waiver. Exchanges may delist after verifying compliance. en-us Tue, 15 Jun 2021 11:54:47 +0530 Wed, 07 Aug 2024 09:48:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39994 Delisting outside Chapter IV is permitted for qualifying small companies meeting paid-up capital, net worth and low trading thresholds and no recent suspension. The acquirer must appoint a Manager, offer an exit price at or above the prescribed floor, notify all public shareholders with price justification, and obtain written consent from ninety percent or more of public shareholding to sell or remain. The acquirer must finalise consents within seventy five working days and pay cash consideration within fifteen working days thereafter; late payment attracts interest subject to waiver. Exchanges may delist after verifying compliance. Act-Rules SEBI Tue, 15 Jun 2021 11:54:47 +0530 https://www.taxtmi.com/acts?id=39994