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 India Lists First Mortgage-Backed Pass Through Certificates on NSE
- 2 Bond Forward in G-Secs
- 3 4th Phase of Consolidation of Regional Rural Banks
- 4 SIDBI’s Report on MSME Sector
- 5 Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme
- 6 RBI’s Surplus Transfer: A Catalyst for India’s Economic Growth
- 7 RBI’s Digital Lending Directions 2025
- 8 RBI Recognises FIMMDA as SRO
- 9 MSP for Jute
- 10 Expansion of the Credit Guarantee Scheme for Startups
