Rights of public shareholders in case of a compulsory delisting

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Full Text of the Document

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....r purposes of 2[sub-regulation (2)]. 3[2] Where equity shares of a company are delisted by a recognised stock exchange under this Chapter, the recognised stock exchange shall appoint an independent valuer or valuers who shall determine the fair value of the delisted equity shares. (3)The promoter of the company shall acquire delisted equity shares from the public shareholders by paying them the ....