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    <title>NORMS AND PROCEDURE FOR DELISTING OF SECURITIES BY THE STOCK EXCHANGES</title>
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    <description>Exchanges must weigh marketability (public float, market lot, price, market capitalisation), trading liquidity, financial and operational viability, and three-year Listing Agreement compliance, together with promoters&#039; conduct and company availability, when considering delisting. A delisting review panel-composed of exchange officers (including a public representative), an investor representative, a government/registrar representative, and the exchange secretary-must be constituted, due notice given to the company and other exchanges, the Listing Agreement termination notified, and the company afforded the right to appeal to the regulator.</description>
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