January 14, 2020

Assam Company Shares to Delist .

Assam Company had been   under Insolvency and Bankruptcy proceedings .

https://economictimes.indiatimes.com/industry/cons-products/food/nclat-rejects-sebi-plea-against-resolution-plan-of-assam-company/articleshow/70913460.cms



The Company has confirmed that it has complied with requirements of NCLT order dated September 25, 2018 for delisting and also with the requirements of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 as amended from time to time.
 
Further the above scrip will be delisted from the Exchange records w.e.f. Monday, January 20, 2020.

Source 

 
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 INVESTOR'S RECENT QUERY 
 
What about shares being held of Assam company limited ? 
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 Blog 'Please go through the entire NCLAT Order in PDF by going through / copy pasting the following link
 

NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW ...

PDF
Aug 29, 2019 — Assam Company India Ltd. ... had been passed by the NCLT, Guwahati Bench, approving a ... Exchanges clearly seeks delisting of the Equity Shares of the 1st ... a capital reduction and cancellation of the entire existing equity ...
 

3 comments:

Anonymous said...

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Unknown said...

What about shares being held of Assam company limited ?

Ashwani Kumar Aggarwal said...

Assam Company Shares Were Cancelled -Public Shareholders Received Nominal Compensation ? Please Recheck