NORMS AND PROCEDURE FOR DELISTING OF SECURITIES BY THE STOCK EXCHANGES

ital (floating stock) in the hands of public investors. 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 .....

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rds of compliance of the Listing Agreement 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 .....

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elivered 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 available .....

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