Delisting of Shares
Recently, an investor in Reliance Capital Ltd (RCL), which has been facing insolvency proceedings, has challenged certain regulations of SEBI’s delisting norms and a recent National Company Law Tribunal’s (NCLT) approval of a resolution plan for the company.
- The petitioner has challenged the vires of Regulation 3(2)(b)(i) of the SEBI (delisting of Equity Shares) Regulations, 2021 (Delisting Regulations).
- Regulation 3(2)(b)(i) that exempt the applicability of Delisting Regulations to the delisting of equity shares of a listed company made as per a resolution plan approved under Section 31 of the Insolvency Code, if such plan provides for the delisting of such shares.
Already a Member? Login here Do You Want to Read More?
Subscribe Now
To get access to detailed content
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Dinesh Khara Committee
- 2 Bond Central
- 3 Grameen Credit Score: A New Chapter in Rural Finance
- 4 Expansion of e-NAM Platform
- 5 RBI Survey on Farmer’s Share of Consumer Prices
- 6 New Maritime Initiatives to Enhance India’s Global Trade
- 7 Tobin Tax
- 8 SEBI Proposes Fast-Track Follow-On Offers for REITs & InvITs
- 9 Sustainability and Circularity in Dairy Sector
- 10 Revised Guidelines for Market Intervention Scheme
