SOP for delisting of Subsidiary Company



Quick Summary
SEBI has introduced a Standard Operating Procedure (SOP) for listed subsidiary companies looking to delist via a Scheme of Arrangement, provided they are in the same line of business as their listed parent company. The 'same line of business' is defined by specific criteria related to principal economic activities, revenue, and asset investment, all requiring certification. Additionally, both the parent and subsidiary must have been listed for a minimum of three years.

SEBI has issued a Circular on 6thJuly 2021, to bring into action Standard Operating Procedure (SOP) for listed subsidiary companies desirous of getting delisted through a Scheme of Arrangement wherein the listed parent holding company and the listed subsidiary are in the same line of business. SE
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About the Author

PCS at Tanveer Saluja & Associates

Practicing Company Secretary at Tanveer Saluja Associates

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