MANU/SREG/0007/2015

Ministry : Securities and Exchange Board of India

Department/Board : Legal Affairs Department

Notification No. : LAD-NRO/GN/2014-2015/27/541

Date of Notification : 24.03.2015

Date of Publication : 24.03.2015

Notification/ Circulars Referred : No. LAD-NRO/GN/2009-2010/09/165992 MANU/SREG/0023/2009

Citing Reference:
No. LAD-NRO/GN/2009-2010/09/165992 MANU/SREG/0023/2009  Referred

Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations, 2015.

No. LAD-NRO/GN/2014-2015/27/541.--In exercise of the powers conferred by section 31 read with section 21A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), section 30, sub-section (1) of section 11 and sub-section (2) of section 11A of the Securities and Exchange Board of India Act, 1992 (15 of 1992),the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009, namely:-

1. These regulations may be called the Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations, 2015.

2. They shall come into force on the date of their publication in the Official Gazette.

3. In the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009,

(I) in regulation 2, in sub-regulation (1), after clause (iv), the following clause shall be inserted:-

"(iva) "promoter group" shall have the same meaning as assigned to it under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;".

(II) in regulation 2, in sub-regulation (2),

(i) after the words and symbols "'person acting in con........