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Regulation 19 - Right of shareholders to participate in the delisting process - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.Extract Right of shareholders to participate in the 1 [delisting process ] 19. (1) 2 [ The public ] shareholders holding the equity shares of the company, which are sought to be delisted, shall be entitled to participate in the 3 [ fixed price process or in the ] reverse book building process in the manner specified in Schedule II of these regulations. (2) The Manager to the issue shall take necessary steps to ensure compliance with sub-regulation (1). (3) Any holder of depository receipts issued on the basis of 4 [ the ] underlying equity shares and a custodian keeping custody of such equity shares shall not be entitled to participate in the 5 [ delisting ] process: Provided that any holder of depository receipts may participate in the 6 [ delisting ] process under sub-regulation (1) after converting such depository receipts into equity shares of the company that are proposed to be delisted. *************** NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/206 dated 25-09-2024 w.e.f. (For Additional Condition See this Notification ) before it was read as, reverse book building process 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/206 dated 25-09-2024 w.e.f. (For Additional Condition See this Notification ) before it was read as, Public 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/206 dated 25-09-2024 w.e.f. (For Additional Condition See this Notification ) 4. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/206 dated 25-09-2024 w.e.f. (For Additional Condition See this Notification ) 5. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/206 dated 25-09-2024 w.e.f. (For Additional Condition See this Notification ) before it was read as, reverse book building 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/206 dated 25-09-2024 w.e.f. (For Additional Condition See this Notification ) before it was read as, reverse book building
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