MANU/SREG/0023/2009

Ministry : Securities and Exchange Board of India

Department / Board : Legal Affairs Department

Notification No : LAD-NRO/GN/2008-2009/09/165992

Date : 10.06.2009

Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009

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, namely: -

CHAPTER I

PRELIMINARY

1. Short title and commencement.--

(1) These regulations may be called the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009.

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

2. Definitions.--

(1) In these regulations, unless the context otherwise requires, -

(i) 'Act' means the Securities and Exchange Board of India Act, 1992 (15 of 1992);

(ii) 'Board' means the Securities and Exchange Board of India established under section 3 of the Act;

(iii) 'company' means a company within the meaning of section 3 of the Companies Act, 1956 (1 of 1956) and includes a body corporate or corporation established under a central Act, state Act or provincial Act for the time being in force, whose equity shares are listed on a recognised stock exchange;

(iv) 'compulsory delisting' means delisting of equity shares of a company by a recognised stock exchange under Chapter V of these regulations;