What should be done if someone missed applying for a delisting?

What should be done if someone missed applying for a delisting?

If you missed applying for delisting, don’t worry. You can still sell your shares directly to the company. Here’s what you need to do:

1.     One-Year Period: You have one year from the date of delisting to sell your shares back to the company.

2.     Tender Shares Offline: You can tender your shares offline. The company will repurchase them at the exit price they have set.

3.     Exit Application Form: The company’s registrar will send you an exit application form. Fill out this form and submit it as instructed.

4.     Transfer Shares: You must transfer your shares from your demat account to the company's designated demat account through an off-market transfer. Contact your Depository Participant (DP) to initiate this transfer using the Delivery Instruction Slip (DIS).

5.     Send Confirmation: After transferring the shares, send a copy of the DIS slip and the filled-out exit application form to the registrar by registered post.

6.     Receive Payment: The payment for your shares will be credited to the bank account linked to your demat account.

7.     Lost or Missing Forms: If you don’t receive the exit application form or lose it, contact the registrar for a new one.

8.     Further Help: If you face difficulties, the company’s Registrar and Transfer Agent (RTA) can guide you through the process.

 

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