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TMI BlogCompanies exclusively listed on De-recognized/Non-operational Stock ExchangesX X X X Extracts X X X X X X X X Extracts X X X X ..... perational Stock Exchanges. 1. SEBI vide circular dated May 30, 2012 (Exit Circular) issued guidelines in respect of exit options to stock exchanges. In terms of these guidelines, if the stock exchange is not able to achieve the prescribed turnover of ₹ 1000 Crore on continuous basis or does not apply for voluntary surrender of recognition and exit before the expiry of two years from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... any, on or before the exit of the exchange, either on voluntary or compulsory basis. Nation-wide stock exchanges shall facilitate the listing of these companies on priority basis in a time bound manner. For this purpose, these nation-wide stock exchanges shall immediately create a separate dedicated cell to expedite processing the listing requests from such companies. ii. Such exclusively liste ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xchanges that are not traceable or where the data available is more than three years old, the process of inclusion in list of companies identified as 'Vanishing' (maintained by Ministry of Corporate Affairs) may be initiated by the respective stock exchanges. v. As per the 'Exit Circular' the exclusively listed companies, which fail to obtain listing on any other stock exchange, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ities and to promote the development of, and to regulate the securities market. 5. This circular is available on SEBI website at www.sebi.gov.in. Yours faithfully, Sunil Kadam General Manager Ph: +912226449630 Email: [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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