9911796707
TMI BlogNon-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”)X X X X Extracts X X X X X X X X Extracts X X X X ..... losure Requirements) Regulations, 2018 ("ICDR Regulations") 1. SEBI issued a Circular bearing reference number CIR/CFD/DIL/57/2017 dated June 15, 2017, specifying the fines to be imposed by the Stock Exchanges for non-compliance with certain provisions of SEBI (ICDR) Regulations, 2009. 2. Present Circular is issued in supersession to the aforesaid Circular bearing reference number CIR/CFD/DIL/57 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uired. ii. Within 2 months from the date of the meeting of its board of directors wherein the decision to announce bonus issue was taken subject to shareholders' approval - in cases where issuer is required to seek shareholders' approval for capitalization of profits or reserves for making the bonus issue. 295 (1) ₹ 20,000 per day of noncompliance till the date of compliance. 2. Listed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... application for trading approval to the stock exchange/s within 7 working days from the date of grant of listing approval by the stock exchange/s. - Same as above. Credit of Fine: 5. The amount of fine realized as per the above structure shall continue to be credited to the "Investor Protection Fund" of the concerned stock exchange. 6. The recognized stock exchange shall disseminate on their ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he requisite fine by the listed entity. b) However, the approvals for the listing and trading of bonus shares allotted to persons other than the promoter(s) may be granted in the interest of the investors, subject to compliance with other requirements. 10. This circular will be applicable from the date of issue of the circular. 11. The Stock Exchange are advised to bring the provisions of this ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
