SEBI amends delisting norms: promoter group defined, trade curbs, certifications, 90% shareholding threshold, relaxations for small firms. https://www.taxtmi.com/highlights?id=80015 Securities and Exchange Board of India (SEBI) amended Delisting of Equity Shares Regulations. Key changes: Promoter group defined; restrictions on promoters/entities selling shares 6 months pre-delisting approval; promoter certification on compliance, delisting in shareholders' interest; merchant banker due diligence, certification on promoter trades; delisting allowed if 90% shareholding reached, 25% public participation; provisions on offer price, timelines; SEBI powers to grant relaxations; simplified delisting norms for small companies; transitional provisions. en-us Thu, 01 Aug 2024 20:43:10 +0530 Thu, 01 Aug 2024 20:43:10 +0530 TaxTMI RSS Generator SEBI amends delisting norms: promoter group defined, trade curbs, certifications, 90% shareholding threshold, relaxations for small firms. https://www.taxtmi.com/highlights?id=80015 Securities and Exchange Board of India (SEBI) amended Delisting of Equity Shares Regulations. Key changes: Promoter group defined; restrictions on promoters/entities selling shares 6 months pre-delisting approval; promoter certification on compliance, delisting in shareholders' interest; merchant banker due diligence, certification on promoter trades; delisting allowed if 90% shareholding reached, 25% public participation; provisions on offer price, timelines; SEBI powers to grant relaxations; simplified delisting norms for small companies; transitional provisions. Highlights SEBI Thu, 01 Aug 2024 20:43:10 +0530 https://www.taxtmi.com/highlights?id=80015