Non-compliance fines under ICDR Regulations prompt stock exchange enforcement and disclosure for delayed corporate issuance and listing actions. Liability and enforcement for non compliance with specified provisions of the ICDR Regulations is prescribed by directing recognized stock exchanges to impose daily fines and additional capped penalties for delays in bonus issues, delayed allotment on conversion of convertibles, and failure to approach exchanges for listing; fines realized must be credited to the Investor Protection Fund. Exchanges must publish non compliant entities and fine details, issue notices to pay within a specified period, and may initiate enforcement including prosecution for non payment; bonus issue implementation is tied to the commencement of trading and promoter approvals may follow payment of fines.