Imposing of Fine by SEBI for certain Non-compliance of SEBI (ICDR) Regulations, 2018

Aug 19, 2019 | Updates

Stock exchanges shall impose fines for non-compliance of certain provisions of SEBI (ICDR) Regulations i.e, Rs. 20,000 per day till the date of compliance on the listed entities, as under: a. Delay in completion of a bonus issue. b. Listed entities not completing the conversion of convertible securities. c. The Application for listing of further issue of equity shares to the stock exchange/s. d. The Application for trading approval to the stock exchange/s.

https://www.sebi.gov.in/legal/circulars/aug-2019/non-compliance-with-certain-provisions-of-sebi-issue-of-capital-and-disclosure-requirements-regulations-2018-icdr-regulations-_43941.html