Yes, a public company can indeed be delisted under certain circumstances according to the Companies Act 2013. While a public limited company is typically a prerequisite for issuing securities to the public, a company can remain public yet unlisted if an IPO fails or faces procedural issues. Private companies may also list NCDs for regulatory reasons or price discovery.
If company want to issue securities to public at large than Public Ltd company is a first pre requisite, if ,IPO fails or company don't get nod for IPO or some procedural issues then it's still a public company but unlisted ,Sometimes Private companies also listed their NCD's to surpass deposit regulations or for better price discovery...
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