BSE Delisted 94 Companies w.e.f. Dec 01, 2017 | Investing | Finance | Advise | Stocks | Wealth More
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Another 94 companies are compulsorily delisted by Bombay Stock Exchange with effect from December 1, 2017.
The shares of these companies would not be available for trading forever. The BSE Delisting Committee ordered the penal action in terms of ‘Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009’. Promoters of these delisted companies will be required to purchase the shares from the public shareholders as per the fair value determined by the independent valuer appointed by the Exchange, as mentioned in the Public Notice to be issued shortly.Further, in terms of Regulation 24 of Delisting Regulations, the delisted company, its whole-time directors, promoters and group companies shall be debarred from accessing the securities market for a period of 10 years from the date of compulsory delisting.The promoters and whole-time directors of the Company shall not be eligible to become directors of any listed company.
For Full List of Companies - Please Click the Below Link