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    <title>Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”)</title>
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    <description>Non-compliance with specified provisions of the SEBI ICDR Regulations, 2018 attracts daily fines imposed by stock exchanges for delays in actions including completion of bonus issues, conversion and allotment of convertible securities, listing applications and seeking trading approval. Fines are credited to the Investor Protection Fund; exchanges must publish non-compliant entities and fine details, issue notices for payment, and may initiate enforcement, including prosecution, for failure to pay. For bonus issues, listing and trading approvals for promoters&#039; shares may be withheld until fines are paid, whereas approvals for non-promoter bonus shares may be granted subject to other compliance.</description>
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