Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. Chapters List Part B Conditions and procedure for delisting where exit opportunity is required This
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Regulation 8 - Initial public announcement - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.Extract Initial public announcement 8 . (1) On the date when the acquirer(s) decides to voluntarily delist the equity shares of the company, it shall make an initial public announcement to all the stock exchanges on which the shares of the company are listed and the stock exchanges shall forthwith disseminate the same to the public. (2) A copy of the initial public announcement shall also be sent to the company at its registered office not later than one working day from the date of the initial public announcement. (3) The initial public announcement shall contain such information as may be specified, including:- (a) the reasons for delisting; (b) an undertaking with respect to compliance with sub-regulations (2) and (5) of regulation 4 of these regulations. (4) The initial public announcement shall not omit any relevant information or contain any misleading information.
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