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Delisting of securities

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Full Text of the Document

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....in accordance with the regulations made by the Securities and Exchange Board of India, namely:- (a) the company has incurred losses during the preceding three consecutive years and it has negative networth; (b) trading in the securities of the company has remained suspended for a period of more than six months; (c) the securities of the company have remained infrequently traded during the pr....

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Full Text of the Document

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....he company as per the listing agreement under the Act and the company has failed to raise public holding to the required level within the time specified by the recognized stock exchange : Provided that no securities shall be delisted unless the company concerned has been given a reasonable opportunity of being heard. (2) If the securities is delisted under clause (1), (a) the company, promoter....

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