Friday January 6 2017
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: India
Link: http://www.sebi.gov.in/cms/sebi_data/attachdocs/1483618980008.pdf
The Securities and Exchange Board of India (SEBI) issued a circular dated 10th October 2016 which provided a period of three months to Exclusively Listed Companies (ELCs) on the Dissemination Board to submit an action plan to list or to provide an exit for shareholders to the designated stock exchanges.
In light of representation received seeking an extension of time to submit a plan of action, SEBI has decided to extend the time limit to 31st March 2017. All other conditions as mentioned in the SEBI circular dated 10th October 2016 have remained unchanged.
Click on the link above for further details.