Annual audited results to sebi
This query is : Resolved
Guest
Guest
(Querist)
28 May 2013
Dear Expert,
I want to know the consequences of non submission of financial results to SEBI by 30th May, 2013
I want to know the consequences of non submission of financial results to SEBI by 30th May, 2013
Ajay Mishra
(Expert)
22 June 2013
Hi
Penalty for non compliance of listing agreement is specified in Section 23A and 23E of the Securities Contract (Regulation) Act 1956. Also, Section 23H
imposes general penalty.
Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds.
23E. If a company or any person managing collective investment scheme or mutual fund, fails to comply with the listing conditions or delisting conditions or grounds or commits a breach thereof, it or he shall be liable to a penalty not exceeding twenty-five crore rupees.
Penalty for non compliance of listing agreement is specified in Section 23A and 23E of the Securities Contract (Regulation) Act 1956. Also, Section 23H
imposes general penalty.
Penalty for failure to comply with provision of listing conditions or delisting conditions or grounds.
23E. If a company or any person managing collective investment scheme or mutual fund, fails to comply with the listing conditions or delisting conditions or grounds or commits a breach thereof, it or he shall be liable to a penalty not exceeding twenty-five crore rupees.
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