n NISM Certifications
XV NISM Series XV
Medium

What is the minimum time gap required between relisting and voluntary delisting of a company?

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    3 years

  2. 5 years

    Correct answer

  3. C

    7.5 years

  4. D

    10 years

Why this is the answer

According to SEBI’s (Delisting of Equity Shares) Regulations of 2009, a company that undergoes voluntary delisting can reapply for listing only after a minimum gap of five years. For compulsory delisting, the gap is ten years. Options A, C, and D do not align with SEBI’s legal requirement.

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