The securities and Exchange board of India (SEBI) on July 29, 2019, has published the Securities and Exchange Board of India (Delisting of Equity Share) (Amendment) Regulations, 2019.
The amendments are made in Regulation 3(1) of the SEBI (Delisting of Equity Share) Regulations, 2009 which specifies the applicability of the Delisting Regulations.
As per Regulation 3(1), these Delisting Regulations shall apply to the delisting of equity shares of a company from all or any of the Recognised Stock Exchanges where such shares are listed, except for securities listed without making a public issue, on the institutional trading platform of a recognised stock exchange.
Through this amendment, an explanation has been inserted to expand the ambit of the term “shares” to include equity shares having superior voting rights.
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