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May 26, 2016
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Sebi to delist 4,200 firms; warns erring promoters, auditors
Capital markets regulator Securities and Exchange Board of India (SEBI) is planning to take a number of steps to deepen it, including forcing thousands of non- or poorly-traded companies to delist and introducing more trading instruments, especially in the commodity space. These were among some of the steps it outlined with a meeting with senior editors today. The news would come as relief to investors, whose monies are stuck in companies where no trading takes place. SEBI chief UK Sinha said the regulator plans to force promoters of companies whose shares do not see active trading both at the main bourses and in regional exchanges to delist.
Source -
http://www.moneycontrol.com
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