Delisting of equity shares of a listed investment holding company pursuant to a scheme of arrangement

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....ity shares of a listed investment holding company pursuant to a scheme of arrangement 38A (1) Nothing contained in these regulations shall apply to the delisting of equity shares of an investment holding company, pursuant to a scheme of arrangement by an order of a Court or Tribunal. (2) Delisting of equity shares made under sub-regulation (1) shall be undertaken, in the following manne....

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....elective reduction of capital under Section 66 of the Companies Act, 2013, as amended from time to time; and iv. the listed investment holding company shall apply to the stock exchanges for delisting. (3) The delisting of the equity shares of an investment holding company in terms of sub-regulation (1) shall be permitted, subject to the fulfilment of the following conditions :- ....

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....comply with regulations 11, 37 and 94 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the Circulars issued thereunder; iii. there shall be e-voting by shareholders of such listed investment holding company wherein votes cast by public shareholders of the listed investment holding company in favour of....

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.... adverse orders have been passed by the Board against the listed investment holding company and their promoters or promoter group in the last three years; and ix. the equity shares of the listed investment holding company so delisted, shall not be permitted to seek relisting for a period of three years from the date of delisting:  Provided that such relisting shall....