Proposed changes in DELISTING rules:

SEBI, has proposed to amend few delisting regulations. Among them, few of the proposed changes are:- (1). Board to intimate the exchanges regarding receipt of intention for delisting from Promoter(s) on the SAME DAY. (2) Independent Directors, are now required to REASONED Recomendation for delisting. (3) Voting pattern for delisting, of the Independent Directors are required to be disclosed. (4) Promoter(s) are required to ACCEPT/REJECT/GIVE COUNTER Offer within TWO working days from end of RBB schedule. (5) Intimate exchanges regarding success/failure in building book within TWO HOURS from closurer of RBB. The above proposed changes are welcomed but THE unanswered question is :::: WHY 1 YEAR TIME PERIOD AFTER POSTAL BALLOT APPROVAL TO CONCLUDE RBB ?