Trading Members of the Exchange are hereby informed that the undermentioned 14 companies that have remained suspended for more than 6 months and whose status on the MCA website is reflected as "under liquidation / liquidated" would be delisted from the platform of the Exchange, with effect from May 11, 2018 pursuant to order of the Delisting Committee of the Exchange in terms of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ("Regulations").
First Leasing Company of India Ltd
As per the provisions of SEBI Delisting Regulations, 2009, the securities of these companies would cease to be listed and therefore not be available for trading on the platform of the Exchange.
As these companies are under liquidation / liquidated, in terms of guidance received from the Securities and Exchange Board of India, the provisions of Regulation 24 of the SEBI Delisting Regulations 2009 reproduced below, would not apply to the companies / promoters / whole time directors of these companies, if the date of the appointment of provisional liquidator or the order of winding up is prior to the date of compulsory delisting.
Regulation 24: "Where a company has been compulsorily delisted under this Chapter, the company, its whole time directors, its promoters and the companies which are promoted by any of them shall not directly or indirectly access the securities market or seek listing for any equity shares for a period of ten years from the date of such delisting....,"