Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Updates Rules: Fines, SOPs for Non-Compliance with Listing Conditions on Stock Exchanges.</h1> The circular outlines amendments to the bye-laws of recognized stock exchanges regarding non-compliance with listing conditions. It introduces a standardized fine structure and a Standard Operating Procedure (SOP) for suspending and revoking the trading of shares of non-compliant listed entities. Stock exchanges are directed to impose fines for initial non-compliance and suspend trading for repeated offenses. The circular mandates freezing the shareholdings of promoters of non-compliant entities and requires exchanges to disclose actions taken against such entities on their websites. Exchanges must amend their bye-laws, monitor compliance, and report implementation status to the Securities and Exchange Board of India (SEBI).