Compulsory delisting by a stock exchange

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

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.... the date of such notice, within which representations, if any, may be made to the recognised stock exchange by any person aggrieved by the proposed delisting and shall also display such notice on its trading systems and website. (4) The recognised stock exchange shall, while passing any order under sub-regulation (1), consider the representation, if any, made by the company and also any repres....