Delisting refers to the practice of removing the stock of a company from a stock exchange so that investors can no longer trade shares of the stock on that exchange. This typically occurs when a company goes out of business, declares bankruptcy, no longer satisfies the listing rules of stock exchange, or has become a private company after a merger or acquisition.
In case of delisting, investors still legally own there shares in the company (should you choose not to sell them). However, delisting is generally regarded as the first step toward potential bankruptcy. Investors Should be prudent to review carefully the reasons for its removal.
If you find that any company is delisted but not covered by us, please email firstname.lastname@example.org and we will start to monitor it.
Guidelines of Delisting of Securities by SEBI-2003
|BSE Code||Company||Delisted On||Reason|
|524586||Quality Pharma||5/3/2002||Members of the Exchange are hereby informed that the Official Liquidator, High Court of Calcutta has informed vide its letter no. OL - Misc/PA/2002/350/G dated April 12th, 2002 that the Company has been ordered to be wound-up by the Hon'ble High Court of Calcutta. Members of the Exchange are hereby informed that the company which has been Winding up of the Company, will be delisted with effect from Wednesday 3, 2002. (BSE Notice Dated : 01.07.2002)|
|500348||Quality Steels||7/1/2004||Members of the Exchange are hereby informed that, in exercise of powers under the Delisting Guidelines issued by SEBI the Delisting Committee has decided to delist the undermentioned companies with effect from Friday July 2, 2004. Please note that the trading in the securities were suspended for violation of listing agreement clauses for more than 3 years .|
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