(i) Delhi Stock Exchange Limited (DSE) is located in Delhi, the Indian Capital surrounded by the most promising States of Northern India which predominantly contributes to India’s Economic Growth and has a significantly large number of Small and Medium Enterprises. (ii) DSE, one of the oldest Stock Exchanges in the country, was established in the year 1947, the year of Indian Independence. Since then, it has played a key role in the development of the economy by facilitating investments in different sectors, thereby creating a reasonably encouraging equity cult in the northern belt of India. DSE, from the inception, has been helping the companies around, in terms of creation of capital and net-worth. It has contributed in its inimitable way, in spreading financial literacy amongst the larger populace. (iii) De-recognition of Regional Stock Exchange SEBI Guidelines: In terms of clause 2.2 of the Exit Circular, a stock exchange where the annual trading turnover on its own platform is less than Rs.1000 crores can apply to SEBI for voluntary surrender of recognition and exit at any time before the expiry of two years from the date of issuance of the said Circular. In terms of clause 2.3 of the said Circular, if any stock exchange fails to achieve a turnover of Rs.1000 crores, it would be subject to a compulsory exit process as stipulated under clause 2.3 thereof. The Delhi Stock exchange, Pursuant to the Extraordinary General Meeting held by the shareholders of DSE on May 23, 2014, a resolution was passed for exiting as a stock exchange through the voluntary surrender of recognition as per the Exit Circular. Accordingly, vide letter dated May 24, 2014, DSE made a request to SEBI for its exit as a stock exchange. Copy of the Circular