Delisting of small companies
This query is : Resolved
22 October 2013
Dear all,
one of our group company is going to be delisted. Merchant banker saying that company is not in small company so that delisting will take huge cost and much time. Can anyone give me criteria on which basis we calculate small or big company for delisting purpose ? or any alternative option to convert into small company ?
Thanks in advance.
one of our group company is going to be delisted. Merchant banker saying that company is not in small company so that delisting will take huge cost and much time. Can anyone give me criteria on which basis we calculate small or big company for delisting purpose ? or any alternative option to convert into small company ?
Thanks in advance.
23 October 2013
For listing there is no criteria of big and small. But if your company shares are listed on both NSE and BSE then it is lengthy process of delisting.
A company, whose securities have been listed for a minimum period of 3 years on any stock exchange, may delist from stock exchange where its securities are listed.
However, an exit opportunity is required to be given to the investors for the purpose of which an exit price shall be determined in accordance with the book building process.
Companies whose securities are continued to be listed on any stock exchange having nation wide trading terminals like Mumbai Stock Exchange or National Stock Exchange is not required to give exit opportunity to its investors.
A company, whose securities have been listed for a minimum period of 3 years on any stock exchange, may delist from stock exchange where its securities are listed.
However, an exit opportunity is required to be given to the investors for the purpose of which an exit price shall be determined in accordance with the book building process.
Companies whose securities are continued to be listed on any stock exchange having nation wide trading terminals like Mumbai Stock Exchange or National Stock Exchange is not required to give exit opportunity to its investors.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
