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 Orlando Echo 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 Orlando Echo.
More InformationCNN - In a recent interview with CNN's Christiane Amanpour, Canadian Foreign Minister Mélanie Joly expressed strong opposition to President...
NEWARK, New Jersey: Over the weekend, a FedEx Boeing 767 cargo plane hit a bird while taking off from Newark Airport. One of its...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...
ANNAPOLIS, Maryland: Maryland's largest managed care organization for Medicaid recipients has had its accreditation suspended, prompting...
RESTON, Virginia: Volkswagen is recalling more than 60,000 vehicles in the U.S. after a gear display malfunction was identified, which...
WASHINGTON, D.C.: Firefly Aerospace has achieved a major milestone in private space exploration, successfully landing its Blue Ghost...
CAPE CANAVERAL, Florida: This week, a small NASA satellite was launched into space from Florida to find and map water on the moon....
WASHINGTON, D.C.: The U.S. military has 30 days to decide how it will find and remove transgender service members. This may involve...
CAPE CANAVERAL, Florida: A new private lunar mission is on its way to the moon, as Intuitive Machines launched its second lander, Athena,...
(Photo credit: Stephen Lew-Imagn Images) One would have to take No. 5 Florida seriously as a national championship contender if record...