The basic criterion on which the entire listing agreement is based is corporate governance. At present, 54 clauses of the listing agreement are all based on this concept. In addition, there is a clause that deals specifically with corporate governance, i.e. Article 49. Through the listing agreement, the Exchange ensures, among other things, on behalf of SEBI, that companies comply with good corporate governance practices. As such, the listing agreement is of great importance and is implemented under the common seal of a company. Under the listing agreement, the company is required to disclose certain information and perform certain acts, failing which the company may face disciplinary measures, including suspension/discount of securities. . . .