NORMS AND PROCEDURE FOR DELISTING OF SECURITIES BY THE STOCK EXCHANGES

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . This may be seen with reference to --- Existing paid-up equity capital Market lot Share price very high, medium, low Market Capitalisation SEBIs Takeover Regulations-Regulation 21(3) Clause 40A of the Listing Agreement 2. The minimum trading level of shares of a company on the exchanges. There should be some liquidity in every trading cycle. There should be .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t requirements for the past three years. Submission of audited/unaudited results, annual report, other documents required to be furnished to the Exchange, Book closure Record date with due notice Payment of listing fee Service to investors especially with regard to timely return of shares duly transferred, timely payment of dividend, communication of price sensitive information, etc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ivered and the company fails top remain in touch with the Exchange. 7. The company has become sick and unable to meet current debt obligations or to adequately finance operations, or has not paid interest on debentures for the last 2- 3 years, or has become defunct,or there are no employees, or liquidator appointed, etc. 8. On the basis of the above norms and other relevant information avail .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X