Trading suspension procedures: uniform fines, promoter holding freezes and a trade-for-trade pathway leading to delisting for persistent non-compliance. Recognized stock exchanges must impose specified fines for enumerated Listing Regulation breaches, display actions taken publicly and, if fines remain unpaid after notice, instruct depositories to freeze the entire shareholding and other dematerialised securities of the promoter and promoter group. For specified recurring defaults exchanges shall move the scrip to 'Z' category for trade-for-trade settlement, give prior public notice, and may suspend trading after notice; upon compliance and payment exchanges will revoke suspension and direct unfreezing after prescribed intervals, while persistent non-compliance may initiate compulsory delisting.