11.1 The Committee is of the opinion that there should be a provision for the reinstatement of the delisted securities, if it is sought by the company within a reasonable period after the securities were delisted. In the Committee’s view, one year is the reasonable period. The Stock Exchange may obtain from the company concerned, such undertaking or indemnity as it may think expedient in order to ensure due compliance with the terms and conditions stipulated in this behalf.

The Committee therefore recommends that:

1. The reinstatement of the delisted securities should be permitted by the Stock Exchange within a period of one year after the date of delisting, without requiring the company to make an application as if it were the case of fresh listing. However, if listing of the delisted securities is sought after one year, it should be treated as a case of a fresh listing.