HC granted a 90-day extension to the Company for listing shares ...

Company Gets 90-Day Extension for Stock Exchange Listing After Showing Valid Reasons for Previous Delays Under Article 226

February 14, 2025

Case Laws SEBI HC

HC granted a 90-day extension to the Company for listing shares on the nationwide stock exchange, overriding SEBI's earlier orders. The ruling emphasized courts should adopt a liberal approach in time extension matters rather than a pedantic stance. The decision considered that no shareholders had raised grievances, and the Company provided reasonable explanations for previous delays, which SEBI and NSE had accepted until 30.09.2023. The extension was granted under Article 226, with the condition that failure to comply within the stipulated timeframe would result in reinstatement of SEBI's original orders. The judgment prioritized shareholder protection while balancing regulatory compliance requirements.

View Source

← Previous Next →

HC granted a 90-day extension to the Company for listing shares ...

Company Gets 90-Day Extension for Stock Exchange Listing After Showing Valid Reasons for Previous Delays Under Article 226

February 14, 2025

Case Laws SEBI HC

You may also like:

This notification amends the Securities Contracts (Regulation) Rules, 1957, to facilitate listing of securities on recognized stock exchanges in International Financial...

SEBI introduced a special call auction mechanism for price discovery of listed Investment Companies (ICs) and Investment Holding Companies (IHCs) due to infrequent...

SEBI mandated merchant bankers to upload and maintain records/documents relied upon during due diligence for public issues on an online Document Repository platform set...

“Vanishing companies” can only be listed companies; so far 161 “vanishing companies” have been traced

Revocation of CBL License - 90 days from the date of issuance of SCN is when the noticee submits reply within 30 days and in a case like this, when the noticee has not...

The notification GSR 383(E) dated 19.04.2018 amended the relevant clause, which came into effect on the date of publication. Consequently, the Directorate had 90 days...

Extension of CIRP period for a further period of 90 day - the intention of the Committee of Creditors to invite fresh Expression of Interest to enable more bonafide...

Pronouncement of orders within 90 days after the conclusion of hearing - Covid-19 epidemic - Worldwide lockdown - We are of the considered view that rather than taking a...

This notification amends the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Key changes include reducing the...

Unexplained credits u/s. 68 - Bogus LTCG - Penny stock purchases - Nothing on record to suggest that the shares were never with the assessee. On the contrary, the shares...

This circular outlines the framework for monitoring shareholding norms of Market Infrastructure Institutions (MIIs) like stock exchanges, clearing corporations, and...

Transfer Pricing Adjustment - credit period beyond 90 days - the transactions with the non-AE constitute valid Internal CUP inputs and ALP adjustment on account of...

Stock broker which requires multiple registrations to operate on more than one stock exchange(s) or a single registration will suffice for all the stock exchanges -...

The NCLAT held that the requirement of obtaining a No Objection Certificate (NOC) from stock exchanges under Regulation 37(1) and (2) of the LODR (Listing Obligations...

Cancellation of the IEC - EPCG Scheme - levy of penalty - the learned Judge while disposing the writ petition filed by the appellant, challenging the order of...

Quick Updates: