Exit of entities listed without making a public issue

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Exit of entities listed without making a public issue

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....g 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 exit. (2) The recognize....

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....urth 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 ninety per cent. of total votes and the majori....

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....) 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 company has failed to comply with corporate governance norm(s) for more than one year; or c) notwith....

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Exit of entities listed without making a public issue