Pinki Ltd. being a listed company has not complied the requirements of listing agreement with the stock exchange. The stock exchange decided for compulsory delisting of the securities from its trading platform. Answer th

CS Executive · Securities Laws and Capital Markets · PYQS · December 2021
Pinki Ltd. being a listed company has not complied the requirements of listing agreement with the stock exchange. The stock exchange decided for compulsory delisting of the securities from its trading platform. Answer the following: What time period will be given for representation to Pinki Ltd.?

Answer & Explanation:

Time period of making representation Regulation 22(3) of the SEBI (Delisting of Equity Shares) Regulations, 2009 provides that before passing a delisting order the recognized stock exchange shall give a notice of the proposed delisting in one English national daily with wide circulation and one regional language newspaper of the region where the concerned recognized stock exchange is located and shall also display such notice on its trading systems and website. A time period of not less than fifteen working days from the notice, be given to any person who may be aggrieved by the proposed delisting within which he can make representations to the recognised stock exchange which has issued a notice for the delisting.

Topics: Delisting of Securities

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