Regulation 11 - Approval by shareholders - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

Approval by shareholders 11. (1) The company shall obtain the approval of the shareholders through a special resolution, not later than forty five days from the date of obtaining the approval of Board of Directors. (2) The special resolution shall be passed through postal ballot and / or e-voting as per the applicable provisions of the Companies Act, 2013 (18 of 2013) and the rules made thereunder. (3) The company shall disclose all material facts in the explanatory statement sent to the shareholders in relation to such a resolution. (4) The special resolution shall be acted upon only if the votes cast by the public shareholders in favour of the proposal are at least two times the number of votes cast by the public shareholders against it.