0148-2017 Khoday India Limited and Others vs Securities and Exchange Board of India

SAT · Final order

Reviewed by Varun Matlani, Advocate — Securities Lawyer practicing in SAT and SEBI

Full text

which are convertible into the same class of equity shares that are sought to be delisted, are outstanding. [(1A) No promoter or promoter group shall propose delisting of equity shares of a company, if any entity belonging to the promoter or promoter group has sold equity shares of the company during a period of six months prior to the date of the board meeting in which the delisting proposal was approved in terms of sub-regulation (1B) of regulation 8.] (2) For the removal of doubts, it is clarified that no company shall apply for and no r

BEFORE THE SECURITIES APPELLATE TRIBUNAL

MUMBAI

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Source: SecMarx — 0148-2017 Khoday India Limited and Others vs Securities and Exchange Board of India. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.