ANI
15 May 2019, 18:08 GMT+10
Mumbai (Maharashtra) [India], May 15 (ANI): The National Stock Exchange (NSE) said on Wednesday that it has imposed fines and issued notices to more than 250 companies for non-compliance of listing regulations as specified by the Securities and Exchange Board of India (SEBI).
Big names on the list included Adani Ports and Special Economic Zone, Jet Airways, Power Grid, Bharat Electronics, New India Assurance Company, Indraprastha Gas, Bharat Petroleum Corporation and Oil India.
More than 30 companies on the list are liable to pay a fine of Rs 4.5 lakh each.
NSE said it can levy per day fines and freeze the holdings of promoter and promoter group if non-compliant listed entities fail to comply with the requirement of listing regulations and/or pay the fine levied within the stipulated period.
"If the non-compliance continues for two consecutive quarters, then the exchange can shift trading in securities of the companies to specified category wherein trade shall take place on 'trade for trade' basis, and subsequently suspend the trading of companies," it said in a statement.
On May 3 last year, capital markets regulator SEBI had specified a standard operating procedure in the matter of levy of fines for non-compliance with certain provisions of SEBI (Listing Obligations Disclosure Requirement) Regulations 2015. (ANI)Get a daily dose of Professional Autos news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.
More InformationSAN FRANCISCO, California: Nvidia, the Silicon Valley chipmaker at the heart of the artificial intelligence boom, this week briefly...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
Peshawar [Pakistan], July 12 (ANI): Khyber Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur has ordered disciplinary action against...
Uttarkashi (Uttarakhand) [India], July 12 (ANI): Uttarkashi District Magistrate Prashant Arya on Saturday inspected the ongoing reconstruction...
* The Tour of Magnificent Qinghai, formerly Tour of Qinghai Lake, is now a UCI ProSeries race, renowned for its extreme high-altitude...
Agartala (Tripura) [India], July 12 (ANI): In a significant step towards sustainable urban development, the Agartala Municipal Corporation...
HT Syndication Chengalpattu (Tamil Nadu) [India], July 12: The Department of Mechanical Engineering at SRM Institute of Science and...
Goalpara (Assam) [India], July 12 (ANI): The Assam administration has started a massive eviction drive in the Paikan Reserve Forest...