Exit of entities listed without making a public issue
X X X X Extracts X X X X
X X X X Extracts X X X X
....titutional trading platform without making a public issue may exit from that platform, if- (a) its shareholders approve such exit by passing a special resolution through postal ballot where ninety per cent of the total votes and the majority of non-promoter votes have been cast in favor of such proposal; and (b) the recognized stock exchange where its shares are listed approve of such an exi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....al and Disclosure Requirements) (Fourth Amendment) Regulations, 2015, w.e.f. 14.08.2015 before it was read as "^1[Exit from institutional trading platform. 106ZD. (1) A company whose specified securities are listed on institutional trading platform may exit from that platform, if: a) its shareholders approve such exit by passing a special resolution through postal ballot where....
X X X X Extracts X X X X
X X X X Extracts X X X X
....o delist upon happening of any of the events as referred to in clauses (a) to (d). (3) A company listed on institutional trading platform shall be delisted and permanently removed from the institutional trading platform under the following circumstances: a) the company has failed to file its periodic filings with the recognised stock exchange for more than one year; or b) the ....
TaxTMI