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of <h1>Companies Must Be Heard Before Delisting; Appeals Allowed Within 15 Days Under Securities Contracts (Regulation) Act, 1956.</h1> A recognized stock exchange can delist securities by recording reasons, as prescribed under the Securities Contracts (Regulation) Act, 1956. However, a company must be given a reasonable opportunity to be heard before delisting. If a company or investor is aggrieved by the delisting decision, they can appeal to the Securities Appellate Tribunal within fifteen days. The Tribunal may extend this period by up to one month if justified. This provision was inserted by the Securities Laws (Amendment) Act, 2004.
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