Compulsory delisting by a stock exchange

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....n 21A of the Securities Contracts (Regulation) Act, 1956 (42 of 1956): Provided that no order shall be made under this sub regulation unless the company concerned has been given a reasonable opportunity of being heard. (2) The decision regarding compulsory delisting shall be taken by a panel to be constituted by the recognised stock exchange consisting of - (a) two directors of the recognised sto....

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.... such notice on its trading systems and website. (4) The recognised stock exchange shall while passing any order under sub-regulation (1), consider the representations, if any, made by the company as also any representations received in response to the notice given under sub regulation (3) and shall comply with the criteria specified in Schedule III. (5) The provisions of Chapter IV shall not be....