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NORMS AND PROCEDURE FOR DELISTING OF SECURITIES BY THE STOCK EXCHANGES

SCHEDULE - III - Guidelines - Delisting of Securities - SEBI (Delisting of Securities) Guidelines, 2003 - SCHEDULE - III - SCHEDULE III (GUIDELINE 17.1] A NORMS 1. The percentage of equity capital (floating stock) in the hands of public investors. Th .....

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Criteria of no-trading may be considered. 3. Financial aspect/Business aspects a) The company should generate reasonable revenue/income/profits. It should be operational/working. It must demonstrate earning power through its financial results, profit .....

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dited 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 pa .....

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grounds with a view to creating scarcity of floating stock, in the market causing unjust aberrations in the share prices, auctions, close-out, etc. (Depending upon the trading position of directors or the firms). 6. If whereabouts of the company, it .....

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he company, its promoters/directors, project, litigations, etc., a profile of the company should be prepared and then a decision on delisting should be taken by an Exchange. B PROCEDURE 1. The decision on delisting should be taken by a panel to be co .....

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