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 ..... egulations, 2009 . 2. Present Circular is issued in supersession to the aforesaid Circular bearing reference number CIR/CFD/DIL/57/2017 dated June 15, 2017 . 3. Regulation 297 and 298 of SEBI (ICDR) Regulations, 2018, inter alia specify liability of a listed entity or any other person for contravention and actions which can be taken by the respective stock exchange, the revocation of such actions and consequences for failure to pay fine in the manner specified by SEBI. 4. In pursuance of the above, for non-compliance with certain provisions of ICDR Regulations, stock exchanges shall impose fines on the listed entities, as under: S/N Violation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... In regard to above, it is specified that Issuer shall make an application to the exchange/s for listing in case of further issue of equity shares from the date of allotment within 20 days (unless otherwise specified). Schedule XIX Listing of Securities on Stock Exchanges. Same as above. 4. Listed entities shall make an 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and also to disseminate the same on its website. 12. This circular is issued under regulation 299 of ICDR Regulation s and in exercise of power conferred under Section 11(1) of the Sebi Act 1992 , to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market. 13. This circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework/Circulars . Yours faithfully, Amy Durga Menon Deputy General Manager Corporate Finance Department +91 22 2644 9584 Email - amydurga@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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