RRR Ltd. is a listed company. It has not satisfied the requirements of listing agreement with the Recognized Stock Exchange. The Stock Exchange decided for compulsory delisting of the securities from the trading platform

CS Executive · Securities Laws and Capital Markets · PYQS · December 2023
RRR Ltd. is a listed company. It has not satisfied the requirements of listing agreement with the Recognized Stock Exchange. The Stock Exchange decided for compulsory delisting of the securities from the trading platform. In the light of SEBI (Delisting of Equity Shares) Regulations, 2021, answer the following: (b) Who are the members included in the Panel constituted by the Stock Exchange ?

Answer & Explanation:

The decision regarding compulsory delisting is taken by a panel constituted by the recognized stock exchange. This panel typically consists of the following members: Two directors of the recognized stock exchange, one of whom shall be a public representative. One representative of an investor association recognized by SEBI. One representative of the Ministry of Corporate Affairs or Registrar of Companies. The Executive Director or Secretary of the recognized stock exchange.

Topics: SEBI (Delisting of Equity Shares) Regulations, 2021

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