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Delisting of BSE and NSE companies

News and Press Release - Dated:- 29-11-2016 - The Securities and Exchange Board of India (SEBI) has informed that Section 21A of the Securities Contracts (Regulation) Act, 1956 read with rule 21 of the Securities Contracts (Regulation) Rules, 1957 an .....

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the grounds prescribed therein including those companies whose trading has remained suspended for more than six months. The equity shares of 1021 companies on the Bombay Stock Exchange (BSE) and 132 companies on the National Stock Exchange (NSE) have .....

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been compliant with the listing requirements. Accordingly, a public notice dated 25th August, 2016 was issued by BSE communicating the delisting of 194 companies with effect from 17th August, 2016. Further, NSE issued a public notice dated 14th Augu .....

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September, 2016 and 14 companies with effect from 22nd November, 2016. SEBI has informed that the rights of public shareholders in case of compulsory delisting have been specified under Regulation 23 of the Delisting Regulations. It states that the .....

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fective enforcement of exit option to the public shareholders SEBI vide Circular dated 7th September, 2016 directed that in case of such companies whose fair value is positive, the said company and the Depositories shall not effect transfer, by way o .....

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