Exclusively listed companies of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB)
Summary
SEBI extends the deadline for exclusively listed companies on the Dissemination Board to submit an action plan until March 31, 2017. This extension addresses representations received regarding the need for additional time to list shares or provide exit options to shareholders. The conditions outlined in the previous circular dated October 10, 2016, remain unchanged.
Text
it is decided to extend the time till March 31, 2017. All other conditions as mentioned in the SEBI circular dated October 10, 2016 remain unchanged.
This circular is issued in exercise of powers conferred under Section 11 (1) and 11(2) (j) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Exclusively listed companies of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.