SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2009

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Reg.1 Short title and commencement

Reg.2 Definitions

Reg.3 Applicability

Reg.4 Delisting not permissible in certain circumstances and conditions for delisting

Reg.5 Delisting from all recognised stock exchanges

Reg.6 Delisting from only some of the recognised stock exchanges

Reg.7 Procedure for delisting where no exit opportunity is required

Reg.8 Conditions and procedure for delisting where exit opportunity is required

Reg.9 Applicability of Chapter IV

Reg.10 Public announcement

Reg.11 Escrow account

Reg.12 Letter of offer

Reg.13 Bidding period

Reg.14 Right of shareholders to participate in the book building process

Reg.15 Offer price

Reg.16 Right of the promoter not to accept the offer price

Reg.17 Minimum number of equity shares to be acquired

Reg.18 Procedure after closure of offer

Reg.19 Failure of offer

Reg.20 Payment of consideration and return of equity shares

Reg.21 Right of remaining shareholders to tender equity shares

Reg.22 Compulsory delisting by a stock exchange

Reg.23 Rights of public shareholders in case of a compulsory delisting

Reg.24 Consequences of compulsory delisting

Reg.25 Power of the Board to issue clarifications

Reg.26 Directions by the Board

Reg.27 Special provisions in case of small companies

Reg.28 Delisting in case of winding up, derecognition, etc

Reg.29 Recognised stock exchanges to monitor compliance

Reg.30 Listing of delisted equity shares

Reg.31 Transitional provisions

Sch.1 SCHEDULE I

Sch.2 SCHEDULE II

Sch.3 SCHEDULE III

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