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    <title>Right of appeal against refusal of stock exchanges to list securities of public companies.</title>
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      <description>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&#039;s decision or to grant or refuse permission, and the exchange required to conform to Central Government orders.</description>
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