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CS Executive · Capital Market and Securities Laws · Listing Obligations and Disclosure Requirements

Under Section 21A of the SCRA, 1956, who may file an appeal before the Securities Appellate Tribunal against an exchange's decision to delist securities?

A listed company or an aggrieved investor may appeal to the Securities Appellate Tribunal against a delisting decision of a recognised stock exchange, within fifteen days of the decision. The section does not name SEBI, the Government or depositories as appellants.

  1. AOnly SEBI on behalf of investors
  2. BOnly the Central Government
  3. CA listed company or an aggrieved investorCorrect
  4. DOnly the depository holding the securities

Explanation

Section 21A(2) permits a listed company or an aggrieved investor to appeal to the SAT against the delisting decision within fifteen days. SEBI, the Government or depositories are not named as appellants.

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