||Voluntary Delisting from all the Exchange(s)
||Regulations 22 to 24
||Regulations 5 to 21
||Any Recognized Stock Exchange makes an order to delist the equity shares of a company.
||Any Company can voluntarily apply to the concerned stock exchange(s) for delisting.
||Delisting order can be made on the non-fulfillment of the listing regulations of the respective exchange and on any other ground prescribed in the rules made under section 21A of SCRA, 1956.
||The Company either for cost benefit, or to comply with any of the rules and regulations etc may seek delisting from any of the exchange.
||Public Notice in this case be given by the Exchange
||Public notice and all announcements be given by the Promoters of the company.
||The Panel of Experts has to take the decision after giving a reasonable opportunity of being heard to all the persons who may be aggrieved by the Delisting of the company.
||The Company seeking voluntary delisting shall take the approval of the concerned stock exchange(s) and also of public shareholders.
||General Meeting of the shareholders
||No need of the General meeting of the shareholders
||Shareholders resolution to be passed through Postal ballot.
||Appointment of Merchant Banker
||The complete process is monitored by the Panel of Experts
||The complete process is monitored by the Merchant Bankers
||To be calculated by the Independent valuer at which the Promoter should take the shares from the Public shareholders.
|| The price to be determined on the basis of the past trading data or book values of the company by the promoters in consultation by the Merchant Banker
||Reverse Book Building process
||No bids are invited from the Shareholders for determination of the Final Price
||Complete process of Reverse Book Building is to be completed for determination of the Final Price.
||Debarred from the securities market
||The company/ Promoters/Directors are debarred from the securities market for a period of 10 years
||The company can not relist its securities for a period of 5 years.