Exit from institutional trading platform requires special shareholder approval and stock exchange consent, with delisting on non compliance. Regulation 106ZD permits voluntary exit from the institutional trading platform only if shareholders approve a postal ballot special resolution with ninety per cent of total votes and a majority of non promoter votes in favour, and the recognised stock exchange approves the exit. The stock exchange may delist for non compliance with listing conditions in the manner it specifies. After delisting for non compliance, entities promoted by the promoters and directors of the delisted entity are barred from listing on the platform for five years, but this bar does not apply to entities promoted by independent directors.