Introduction to Delisting.in
SEBI in the year 2002 constituted a committee on delisting of shares to inter-alia examine and review the conditions for delisting of securities of companies listed on recognized stock exchanges and suggest norms and procedures in connection therewith. The Report of the Committee was considered and accepted by SEBI Board. Pursuant to the same, SEBI vide Circular SMD/Policy/CIR – 7/ 2003 dated February 17, 2003 issued the SEBI (Delisting of Securities) Guidelines, 2003. Later in the year 2006 SEBI circulated the concept paper on new regulations which were finally published on 10th June, 2009 as SEBI (Delisting of Equity Shares) Regulations, 2009. Ms. Mohini Varshney Assistant Vice President +919971673332 mohini@indiacp.com The salient features of the said new Regulations are: Public Shareholders to be given an exit option if the company or its promoters propose to delist its securities from all the stock exchanges on which they were listed. However, no exit opportunity ...