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The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021

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The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021
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The Securities and Exchange Board of India (SEBI) on Thursday has published the SEBI (Delisting of Equity Shares) Regulations, 2021. These regulations apply to delisting of equity shares of a company including equity shares having superior voting rights from all or any of the recognised stock exchanges where such shares are listed.

A company may delist its equity shares from one or more of the recognized stock exchanges on which it is listed without providing an exit opportunity to the public shareholders if after the proposed delisting, the equity shares remain listed on any recognized stock exchange that has nationwide trading terminals.

However, the regulation shall not apply to delisting of equity shares of a listed company listed and traded on the innovators growth platform of a recognised stock exchange without making a public issue and delisting made pursuant to a resolution plan approved under section 31 of the Insolvency Code subject to specified conditions.

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