Thursday, July 15, 2010

DELISTING IF 25% FLOAT CLAUSE VIOLATED

Companies failing to comply with the minimum public holding norm could face delisting suspension of trading or a find of Rs. 25 crore. The existing provisions that deal with listing norms violations will continue to be in effect. But these provisions will be more effective now with them getting incorporated in the Securities Contracts (Regulation) Rules, say company law experts.

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