TaxTMI 
TaxTMI 
Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”)
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.... 19, 2019 To All the Recognized Stock Exchanges Dear Sir/Madam, Sub: Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("ICDR Regulations") 1. SEBI issued a Circular bearing reference number CIR/CFD/DIL/57/2017 dated June 15, 2017, specifying the fines to be imposed by the Stock Exchanges for non-compliance with certain p....
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.... date of approval of the issue by its board of directors - in cases where shareholders' approval for capitalization of profits or reserves for making the bonus issue is not required. ii. Within 2 months from the date of the meeting of its board of directors wherein the decision to announce bonus issue was taken subject to shareholders' approval - in cases where issuer is required to seek shareh....
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....uity 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 ....
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....nus Issue Delays: 9. With respect to bonus issue delays, it is clarified that : a) The approvals for the listing and trading of promoters' bonus shares may be granted by the Stock Exchange, only after payment of the requisite fine by the listed entity. b) However, the approvals for the listing and trading of bonus shares allotted to persons other than the promoter(s) may be gr....