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    <title>Exit Policy for De-recognized/ Non-operational Stock Exchanges</title>
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    <description>The circular sets a regulatory framework for voluntary surrender and compulsory de-recognition of stock exchanges, mandates transfer or exit processes for exclusively listed companies including relocation to other exchanges or to a dissemination board, and prescribes asset valuation, distribution constraints and required contributions to the regulator&#039;s investor protection fund. It requires prior approval before alienation of assets, payment of statutory dues and provisioning for pending arbitration awards and unresolved investor complaints, while enabling trading members access through subsidiary broking entities and permitting SEBI to impose additional conditions in the public interest.</description>
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    <pubDate>Wed, 30 May 2012 00:00:00 +0530</pubDate>
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      <pubDate>Wed, 30 May 2012 00:00:00 +0530</pubDate>
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