Right of appeal against listing refusal lets companies seek Central Government review and order conformity by the exchange. Right of appeal against refusal to list securities enables a public company or collective investment scheme denied listing by a recognised stock exchange to be furnished with reasons and to appeal to the Central Government; the appeal may follow receipt of reasons or after the exchange omits or fails to dispose of the application within the specified time, with the Central Government empowered to vary or set aside the exchange's decision or to grant or refuse permission, and the exchange required to conform to Central Government orders.
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.
Right of appeal against listing refusal lets companies seek Central Government review and order conformity by the exchange.
Right of appeal against refusal to list securities enables a public company or collective investment scheme denied listing by a recognised stock exchange to be furnished with reasons and to appeal to the Central Government; the appeal may follow receipt of reasons or after the exchange omits or fails to dispose of the application within the specified time, with the Central Government empowered to vary or set aside the exchange's decision or to grant or refuse permission, and the exchange required to conform to Central Government orders.
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