Exclusively listed companies of De-recognized/Non-operational/Exited Stock Exchanges placed on the Dissemination Board
Summary
SEBI extends the deadline for Exclusively Listed Companies on the Dissemination Board to submit an action plan until June 30, 2017. This extension addresses representations regarding capital raising and exit processes for companies from de-recognized or non-operational stock exchanges. The decision aims to protect investor interests while maintaining conditions from previous circulars dated October 2016 and January 2017.
Text
it is decided to extend the time to submit the plan of action till June 30, 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 on the Dissemination Board. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.