Delisting of securities: exchange may delist on prescribed grounds; appeal to tribunal available with limited extension. A recognised stock exchange may delist securities after recording reasons and only on prescribed grounds, provided the company is given a reasonable opportunity of being heard. A listed company or aggrieved investor may appeal the delisting decision to the Securities Appellate Tribunal within the statutory appeal period; sections 22B-22E govern such appeals and the Tribunal may, for sufficient cause, allow a limited further extension for filing the appeal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Delisting of securities: exchange may delist on prescribed grounds; appeal to tribunal available with limited extension.
A recognised stock exchange may delist securities after recording reasons and only on prescribed grounds, provided the company is given a reasonable opportunity of being heard. A listed company or aggrieved investor may appeal the delisting decision to the Securities Appellate Tribunal within the statutory appeal period; sections 22B-22E govern such appeals and the Tribunal may, for sufficient cause, allow a limited further extension for filing the appeal.
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