Regulation 40 - Listing of delisted equity shares - Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.

Listing of delisted equity shares 40 . (1) No application for listing shall be made in respect of equity shares of a company,- (a) which have been delisted under Chapter III or under Chapter VI of these regulations, for a period of three years from the delisting; (b) which have been delisted under Chapter V of these regulations, for a period of ten years from the delisting. (2) Notwithstanding anything contained in sub-regulation (1), an application for listing of delisted equity shares may be made in respect of a company: (a) whose equity shares have been delisted pursuant to a resolution plan under section 31 of the Insolvency Code; (b) whose equity shares are listed and traded on the innovators growth platform pursuant to an initial public offer and which is delisted from the said platform; (c) whose equity shares have been delisted in terms of regulation 35 of these regulations. (3) While considering an application for listing of equity shares of a company which had been delisted earlier, the recognised stock exchange shall give due regard to the facts and circumstances under which such equity shares were delisted. (4) An application for listing made in respect of delisted equity shares shall be deemed to be an application for fresh listing of such equity shares and shall be subject to provisions of law relating to listing of equity shares of unlisted companies: Provided that the company shall make appropriate disclosures in the offer document about the reasons for seeking listing after delisting.