Regulation 291 - Withdrawal of approval by the stock exchange - Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018

Withdrawal of approval by the stock exchange 291. (1) The recognised stock exchange may delist the specified securities of an issuer listed without making a public issue upon non-compliance of the conditions of listing and in the manner as specified by the stock exchange. (2) No issuer promoted by the promoters and directors of an entity delisted under sub-regulation (1), shall be permitted to list on the 1 [ innovators growth platform ] for a period of five years from the date of such delisting: Provided that the provisions of this regulation shall not apply to another issuer promoted by any of the independent directors of such a delisted issuer. ************** NOTES:- 1. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/08 dated 05-04-2019 before it was read as institutional trading platform