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

If someone is unable to apply for delisting, they can still tender their shares to the firm offline, and the company would buy them back. Following the date of unlisting, shareholders will have a year to tender their shares to the business. Anytime during this time, the shares may be tendered, and the exit price established by the business will serve as the fixed tender price.

All shareholders receive an exit application form from the business registrar, which they are required to complete and submit. Additionally, shareholders must use an off-market transfer method to move stocks from their demat account to the company’s designated demat account. By getting in touch with the shareholder’s DP, the procedure can be started via DIS. ( Click here to know what is DIS).

Following the transfer, the registrar should receive the Exit Application form and a counterfoil or photocopy of the depository participant instruction sheet attesting to the transfer of dematerialized equity shares to the Special Depository Account via registered mail. The bank account associated with the Demat account from which the transfer was made will receive credit for the money. Shareholders can request a fresh application form from the registrar if the application is misplaced or not received. The company’s RTA can help steer the process if there are any additional challenges.