Delisting of securities

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..... e following grounds in accordance with the regulations made by the Securities and Exchange Board of India, namely:- (a) the company has incurred losses during the preceding three consecutive years and it has negative networth; (b) trading in the securities of the company has remained suspended for a period of more than six months; (c) the securities of the company have remained infrequent .....

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..... imum level applicable to the company as per the listing agreement under the Act and the company has failed to raise public holding to the required level within the time specified by the recognized stock exchange : Provided that no securities shall be delisted unless the company concerned has been given a reasonable opportunity of being heard. (2) If the securities is delisted under clause (1 .....

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..... s has been approved by the two-third of public shareholders; and (c) the company, promoter and/or the director of the company purchase the outstanding securities from those holders who wish to sell them at a price determined in accordance with regulations made by Securities and Exchange Board of India under the Act: Provided that the condition at (c) may be dispensed with by Securities and E .....

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