<h1>SEBI Empowers Exchanges to Delist Long-Suspended Companies u/s 21A; BSE and NSE Begin Delisting Process.</h1> The Securities and Exchange Board of India (SEBI) has empowered stock exchanges to delist companies whose trading has been suspended for over six months, under Section 21A of the Securities Contracts (Regulation) Act and related rules. The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have initiated delisting processes for companies suspended for more than seven years. BSE delisted 194 companies effective August 2016, while NSE delisted 48 companies across various dates in 2016. SEBI mandates that promoters of delisted companies must offer to buy shares from public shareholders at a fair value, with restrictions on share transfers and corporate benefits until compliance.