Delisting Regulations

Tighter Norms for Promoters of Compulsorily Delisted Companies

SEBI issued a circular dated September 07, 2016, imposing further restrictions on promoters and whole-time directors of compulsorily delisted companies, pending fulfilment of exit offers to the shareholders. A recognised stock exchange may compulsorily delist the equity shares of a listed company on certain grounds, as per the Securities Contracts (Regulation) Act, 1956, the Securities…

© Finsec Law Advisors | 2017
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