SEBI vide Circular No. SEBI/HO/MRD/DSA/CIR/P/2017/5 on Thursday, 5th January, 2017 stated that Exclusively Listed Companies (ELCs) of De-recognized/Non-operational/exited Stock Exchanges placed in the Dissemination Board (DB) were given 3 months time period to submit action plan to list or to provide exit to shareholders vide SEBI Circular dt. 10th October, 2016.
However, representation has been received seeking extension of time limit to submit action plan, SEBI has extended the said time limit till 31st March, 2017.
The said Circular of SEBI is available at the following link:SEBI Circular_05.01.2017_Extension_ActionPlan_SE