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.

 

    • Related Articles

    • What does delisting mean?

      Delisting occurs when a company permanently removes its shares from a stock exchange, making them unavailable for buying and selling on platforms like the NSE and BSE. The Securities and Exchange Board of India (SEBI) oversees this process. Here’s a ...

    • Are there any charges for applying for an IPO?

      Applying for an IPO is generally free, but there could be some associated costs related to your Demat account or selling the shares later. What is ASBA? Applications Supported by Blocked Amount (ASBA) is a process developed by India's Stock Market ...

    • What is the New Process for applying for an IPO?

      The new process for applying for an IPO involves the following steps: · Access IPO Section: Navigate to the IPO tab on the trading app or platform. · Select Live IPOs: Choose the IPO you wish to apply for from the list of live IPOs available. · ...

    • What will happen if I missed logging in for positional strategy?

      If you miss logging in to Smart Strategies while a positional strategy is active, then you can expect the following: No Order Placement Your strategy will not automatically place new orders to enter or exit positions if you're not logged in, even if ...

    • How do I select UPI as the payment option while applying for IPO?

      Following are the steps that will enable you to apply for an IPO using UPI as the payment option through the 5paisa app: · Go to IPO Section: Open the 5paisa app and navigate to the IPO section. · Select Live IPOs: Choose the IPO you want to apply ...