SEBI (Delisting of Securities) Guidelines, 2003

SEBI (Delisting of Securities) Guidelines, 2003

 

These guidelines shall be called “Securities and Exchange Board of India (Delisting of Securities) Guidelines 2003”.

These guidelines are being issued under section 11(1) of SEBI Act, 1992, read with sub-section (2) of Section 11A of SEBI Act, with the objective to protect the interest of investors in the securities market.

DEFINITIONS

In these Guidelines, unless the context otherwise requires:-

• Act’ means the Securities and Exchange Board of India Act, 1992 
• Authority’ means the Central Listing Authority established under the 
• Securities and Exchange Board of India (Central Listing Authority) Regulations, 2003. 
• ‘Board’ means the Securities and Exchange Board of India established under section 3 of the Act; 
• ‘compulsory delisting’ means delisting of the securities of a company by an exchange. 
• ‘Delisting exchange’ means the exchange from which the securities of the company are proposed to be delisted in accordance with these Guidelines;

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