Section 21A in The Securities Contracts (Regulation) Act, 1956
21A. Delisting of securities.
(1) A recognised stock exchange may delist the securities, after recording ... Securities Appellate Tribunal against the decision of the recognised stock exchange delisting the securities within fifteen days from the date of the decision
case of a company going through a delisting process as per the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations ... case of a company going through a delisting process as per the Securities and Exchange Board of India (Delisting of Equity Shares) regulations
Section 21 in Securities Contracts (Regulation) Rules, 1957
21. [ Delisting of securities. [Inserted by the Securities Contracts (Regulation) (Amendment) Rules ... with regulations made by Securities and Exchange Board of India, under the Act; and (b) the said securities shall be delisted from all recognized stock
delist its shares. The second scenario is
considered as compulsory delisting of shares. Delisting of shares is
governed by the provisions of Securities and Exchange ... manners and
methods of delisting. Both processes results in delisting of the shares.
Once the power to delist is vested it cannot be gain said
Securities Appellate Tribunal. It has
been further contended that the Securities Exchange Board of India Act,
1992 and Securities Contracts (Regulations) 1956 empowers the Securities ... accordance with Chapter IV (Voluntary
Delisting). [ Regulation 6 (b) ].
iii. Compulsory Delisting [Chapter V of the Delisting Regulations]
24. The Respondent No.3 has further
SEBI Act .
Nothing in the provisions of the SEBI Act in general and
Sections 11 and 30 of the SEBI Act authorizes the SEBI ... delisting of shares in strict
accordance with the Delisting Regulations. The Impugned
Regulations, however, exempted the application of Delisting
Regulations to the delisting of shares
respondent no.1/Securities and Exchange Board of India (hereinafter
„SEBI‟).
3. In the year 2003, SEBI issued SEBI (Delisting of Securities)
Guidelines, 2003 (hereinafter ... securities of a
company by an exchange."
***
(j) „voluntary delisting‟ means delisting of securities of a body
corporate voluntarily by a promoter
company which desires to
delist from the stock exchange shall determine
an exit price for delisting of securities in
accordance with the book building process ... securities the
offer price shall be as per regulation 20(5) of
the SEBI (Substantial Acquisition and
Takeover) Regulations, and the infrequently
traded securities shall
Equity Shares) Regulations, 2009
SECURITIES AND EXCHANGE BOARD OF INDIA
India
The Securities and Exchange Board Of India (Delisting of Equity Shares) Regulations, 2009
Rule ... Chapter V Compulsory Delisting
22. Compulsory delisting by a stock exchange.
(1) A recognised stock exchange may, by order, delist any equity shares
Tarun Agarwala
1. The appellant is a listed company and its securities got delisted on
the platform of the respondent on 25.06.2001. The respondent vide ... delisted from the platform of the
respondent. The respondent BSE Limited by the impugned order dated
26.06.2018 issued an order compulsorily delisting the securities
