You are the Company Secretary of Vision Ltd., whose shares were listed at Delhi Stock Exchange. The stock exchange delists the shares of the company. Advise the company regarding the remedy available keeping in view the

To The Board of Directors Vision Ltd. This is with reference to the delisting of Company's Shares by Delhi Stock Exchange Limited. As a Company Secretary of the Company, I would like to notify that according to Section 21A of Securities Contracts (Regulation) Act, 1956, the securities of a company shall not be delisted unless the company concerned has been given a reasonable opportunity of being heard. A listed company or an aggrieved investor may file an appeal before the Securities Appellate Tribunal against the decision of the recognised stock exchange delisting the securities within fifteen days from the date of the decision of the recognized stock exchange delisting the securities and the provisions of Sections 22B to 22E of this Act, shall apply, as far as may be, to such appeals. The Securities Appellate Tribunal may, if it is satisfied that the company was prevented by sufficient cause from filing the appeal within the said period, allow it to be filed within a further period not exceeding one month. In view of the above provisions, I would request you to guide and issue necessary instructions. Mr. X Company Secretary Vision Ltd.