{"id":249810,"date":"2021-06-15T14:46:47","date_gmt":"2021-06-15T09:16:47","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=249810"},"modified":"2023-08-30T16:29:16","modified_gmt":"2023-08-30T10:59:16","slug":"securities-and-exchange-board-of-india-delisting-of-equity-shares-regulations-2021","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/15\/securities-and-exchange-board-of-india-delisting-of-equity-shares-regulations-2021\/","title":{"rendered":"Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021"},"content":{"rendered":"

On June 10, 2021, the Securities and Exchange Board of India (SEBI) has issued the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.<\/p>\n

Applicability<\/strong>: The Regulations apply to delisting of equity shares of a company including equity shares having superior voting rights from all or any of the recognised stock exchanges where such shares are listed.<\/p>\n

Conditions for Delisting:<\/strong><\/p>\n

    \n
  1. Neither any company shall apply for nor any recognised stock exchange shall permit delisting of equity shares of a company:-<\/li>\n<\/ol>\n

    (a) unless a period of three years has elapsed since the listing of that class of equity shares on any recognised stock exchange;<\/p>\n

    (b) if any instrument issued by the company, which is convertible into the same class of equity share(s) that is sought to be delisted, is outstanding;<\/p>\n

    (c) pursuant to a buyback of equity shares by the company, including a buyback pursuant to consolidation or division of all or part of the equity share capital of the company, unless a period of six months has elapsed from the date of completion of such buyback;<\/p>\n

    (d) pursuant to a preferential allotment made by the company unless a period of six months has elapsed from the date of such allotment.<\/p>\n

    2. No acquirer shall propose delisting of equity shares of a company, if the acquirer had sold the equity shares of the company during the period of six months prior to the date of the initial public announcement.<\/p>\n

    Delisting from some of the recognised stock exchanges<\/strong><\/p>\n

    A company may delist its equity shares from one or more of the recognised stock exchanges on which it is listed without providing an exit opportunity to the public shareholders, if after the proposed delisting, the equity shares remain listed on any recognised stock exchange that has nationwide trading terminals.<\/p>\n

    Delisting from all the recognised stock exchanges<\/strong><\/p>\n

    The equity shares of a company may be delisted from all the recognised stock exchanges having nationwide trading terminals on which they are listed, after an exit opportunity has been provided by the acquirer to all the public shareholders holding the equity shares sought to be delisted.<\/p>\n

     <\/p>\n

    Read more about the Regulations HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    On June 10, 2021, the Securities and Exchange Board of India (SEBI) has issued the Securities and Exchange Board of India (Delisting <\/p>\n","protected":false},"author":8808,"featured_media":295621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,15],"tags":[],"class_list":["post-249810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-rules_regulations"],"yoast_head":"\nSecurities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2021\/06\/15\/securities-and-exchange-board-of-india-delisting-of-equity-shares-regulations-2021\/\" \/>\n<meta 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Undertaking delisting with a fixed price model, clear valuation norms, and investor safeguards during strike-off.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"SEBI Delisting of Public Sector Undertakings","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/SEBI-Delisting-of-Public-Sector-Undertakings.webp?resize=525%2C300&ssl=1 1.5x, 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Regulations, 2021 which amends the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. \u00a0 Key amendment: New Regulation 5A- Delisting offer:\u2026","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-135.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":241772,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/01\/05\/sebi-whether-a-company-can-be-exempted-from-minimum-public-shareholding-requirement-and-whether-requirement-of-receiving-consent-of-at-least-90-of-public-shareholders-of-a-company-for-delisting-can\/","url_meta":{"origin":249810,"position":3},"title":"SEBI | Whether a company be exempted from min. public shareholding requirement and whether requirement of receiving 90% shareholders’ consent for Delisting be relaxed? SEBI replies in affirmative","author":"Editor","date":"January 5, 2021","format":false,"excerpt":"Security and Exchange Board of India (SEBI): S. K. Mohanty, (Whole Time Member) granted exemptions to the United Provinces Sugar Company Ltd. from the requirements of complying with Minimum Public Shareholding (\u201cMPS\u201d) norms as mandated under rule 19 (2) (b) of provisions of Securities Contracts (Regulations) Rules, 1957 (\u201cSCRR\u201d) and\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":297902,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/28\/french-company-schneider-electric-withdraws-appeal-against-sebi-order-sat-directs-comply-order\/","url_meta":{"origin":249810,"position":4},"title":"Schneider Electric withdraws appeal against SEBI’s Order; SAT directs it to comply with the order","author":"Editor","date":"July 28, 2023","format":false,"excerpt":"SEBI had directed the French company to either re-list on a nationwide stock exchange or provide an exit opportunity to its public shareholders through the delisting mechanism.","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"securities appellate tribunal, mumbai","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/securities-appellate-tribunal-mumbai.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":212046,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/03\/14\/sebi-delisting-of-equity-shares-regulations-2015-timelines-for-counter-offer-process\/","url_meta":{"origin":249810,"position":5},"title":"SEBI (Delisting of Equity Shares) Regulations, 2015 \u2013\u201cTimelines for Counter Offer Process”","author":"Bhumika Indulia","date":"March 14, 2019","format":false,"excerpt":"SEBI (Delisting of Equity Shares) Regulations, 2015 has been amended to allow promoter(s)\/acquirer(s) to make \u201cCounter offer\u201d, in case price discovered through reverse book building is not acceptable to the promoter(s) \/acquirer(s). In order to implement the \u201cCounter offer\u201dprocess and to provide the framework,the\u201cTimelines for Counter Offer Process\u201dis enclosed. Further,\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/249810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=249810"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/249810\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/295621"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=249810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=249810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=249810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}