SEBI vide its circular no. CIR/MRD/DSA/31/2013 dated September 30, 2013 and subsequent circular no.
CIR/CFD/CMD/12/2015 dated November 30, 2015, have advised the Stock Exchanges to streamline the processes and
procedures with regard to actions for non-compliances of certain listing conditions
which can be considered for suspension and revocation of suspension of trading by the recognized Stock Exchanges.
Further, SEBI vide circular no. CIR/CFD/POLICYCELL/13/2013 dated November 18, 2013 issued a circular on "Compliance with the provisions of Equity Listing Agreement by listed companies – Monitoring by Stock Exchanges". The said circular requires the Exchanges to monitor the compliances filed by the listed companies and seek further information/ clarification in case of any deficiency observed in the information/ clarification provided by the Company.