THE GAZETTE OF INDIA — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

THE GAZETTE OF INDIA SECURITIES AND EXCHANGE BOARD OF INDIA EXTRAORDINARY PART III – – SECTION 4 PUBLISHED BY AUTHORITY NOTIFICATION th Mumbai, the 10 June, 2021 SECURITIES AND EXCHANGE BOARD OF INDIA (DELISTING OF EQUITY SHARES) REGULATIONS, 2021 No. SEBI/LAD -NRO/GN/2021 -25 -In exercise of the powers conferred by section 31 read with section 21A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and section 30, sub -section (1) of section 11 and sub-section (2) of section 11A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations, namely: - CHAPTER I PRELIMINARY Short title and commencement (1) These regulations shall be called the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021. They shall come into force on the date of their publication in the Official Gazette. Definitions (1) In these regulations, unless the context otherwise requires, the terms defined herein shall bear the meaning assigned to them below and their cognate expressions and variations shall be construed accordingly,- “Act” means the Securities and Exchange Board of India Act, 1992 (15 of 1992); “acquirer” includes a person - (i) who decides to make an offer for delisting of equity shares of the company along with the persons acting in concert in accordance with regulation 5A of the Takeover Regulations as amended from time to time ; or (ii) who is the promoter or part of the promoter group along with the persons acting in concert. "Board" means the Securities and Exchange Board of India established under section 3 of the Act; "bidding period" means the period within which shareholders may tender their shares in acceptance of the offer for delisting of equity shares of the company made u