SEBI Updates-12.02.2016


Circular to Listed Companies suspended for a period of more than 7 years, for non -compliance with the critical clauses of the erstwhile Listing Agreement.

BSE vide Circular No. DCS/COMP/32/2015-16 has taken initiative to encourage suspended companies to complete compliances for resumption of trading in the interests of the investors – else face compulsory delisting.”

Trading in the securities of certain listed companies has been suspended for a long period of time on account of non-compliance with the critical clauses of the erstwhile Listing Agreement.

The Exchange, mindful of the difficulties faced by investors on account of suspension of trading, has in the past written to such companies to initiate and complete the process of revocation so that the investors can take suitable investment decisions.