SEBI Delists Company for Not Providing Shareholder Exit as Required by 2016 and 2017 Circulars. https://www.taxtmi.com/highlights?id=71484 Delisting orders from DSE - Rishab Ispat Ltd. - Promotors have failed to demonstrate the adequacy of efforts for providing exit to their shareholders in conformity with the exit mechanism - the circulars dated 10.10.2016 and 01.08.2017 issued by SEBI are legally valid, and are part of a structured scheme that deals with the situation of ELCs, and the manner in which the shareholders associated with such ELCs are to be protected. - HC en-us Wed, 16 Aug 2023 16:40:54 +0530 Wed, 16 Aug 2023 16:40:54 +0530 TaxTMI RSS Generator SEBI Delists Company for Not Providing Shareholder Exit as Required by 2016 and 2017 Circulars. https://www.taxtmi.com/highlights?id=71484 Delisting orders from DSE - Rishab Ispat Ltd. - Promotors have failed to demonstrate the adequacy of efforts for providing exit to their shareholders in conformity with the exit mechanism - the circulars dated 10.10.2016 and 01.08.2017 issued by SEBI are legally valid, and are part of a structured scheme that deals with the situation of ELCs, and the manner in which the shareholders associated with such ELCs are to be protected. - HC Highlights SEBI Wed, 16 Aug 2023 16:40:54 +0530 https://www.taxtmi.com/highlights?id=71484