Watchdog Sebi eases delisting norms for firms
26 March 2015 1:35 AM GMT
Making voluntary delisting easier for companies, capital markets regulator Sebi has notified new regulations that will reduce the time taken for completing the process and provides for relaxation on case-to-case basis.
The changes are aimed at making the existing regulatory framework on delisting more effective.
Timeline for completing the delisting process has been reduced to 76 working days from 137 calendar days (about 117 working days). At times, the process takes more than a year.
The changes are aimed at making the existing regulatory framework on delisting more effective.
Timeline for completing the delisting process has been reduced to 76 working days from 137 calendar days (about 117 working days). At times, the process takes more than a year.
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