Regulation 38 - Delisting in case of winding up of a company and de-recognition of a stock exchange - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

Part D SPECIAL PROVISIONS FOR DELISTING BY OPERATION OF LAW Delisting in case of winding up of a company and de-recognition of a stock exchange 38 . (1) In case of winding up proceedings of a company whose equity shares are listed on a recognised stock exchange, the rights, if any, of the shareholders of such company shall be in accordance with the laws applicable to those proceedings. (2) Where the Board withdraws recognition granted to a stock exchange or refuses renewal of recognition to it, the Board may, in the interest of investors pass appropriate order(s) in respect of the status of equity shares of the companies listed on that stock exchange.