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of <h1>Stock exchanges can delist shares under Securities Contracts Act, 1956, ensuring company hearing and public notice.</h1> A recognized stock exchange may delist a company's equity shares through a reasoned order based on grounds specified under the Securities Contracts (Regulation) Act, 1956. The company must be given a reasonable opportunity to be heard before delisting. A panel, including directors from the stock exchange, an investor association representative, a Ministry of Corporate Affairs representative, and the exchange's Executive Director, will decide on the delisting. Notice of the proposed delisting must be published in widely circulated newspapers and on the exchange's website, allowing for public representation. If delisting occurs, the exchange must publish the decision, inform other exchanges, and upload the order online. Chapter IV provisions do not apply to compulsory delisting.
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