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Compulsorily Delisting
of Shares

Delisted shares refer to the shares of a listed company that have been removed from the stock exchange permanently for buying and selling purposes. That means delisted shares will no longer be traded on the stock exchanges – National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Unlisted Companies

Compliance SEBI Regulations:
  • small-tic SEBI Regulations are not applicable to Unlisted Companies.
  • small-tic Valuation Certificate requirement: There is no requirement under SEBI Regulations due to the non-applicability of SEBI Regulations.

Listed Companies

Compliance SEBI Regulations:
  • small-tic Governed by Regulation 33 of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021.
  • small-tic Valuation Certificate requirement; Valuation report is mandated under applicable provisions from an Independent Valuer.

Key Points to Consider

01

Which is the governing law for Unlisted

Not Applicable

02

Which is the governing law for listed

Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021

03

Who does the Valuation

Independent Valuer

04

When valuation is required

At the time of Compulsorily Delisting of shares

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