Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“ICDR Regulations”)

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..... ised Stock Exchanges Dear Sir / Madam, Sub: Non-compliance with certain provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ( ICDR Regulations ) 1. Regulations 111A and 111B of ICDR Regulations inter alia specify liability of a listed entity or any other person for contravention and actions which can be taken by the respective stock exchange and the revo .....

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..... shares on conversion of convertible securities within 18 months. Same as above. 108(2) Issuer not approaching the exchange for listing of equity shares within 20 days from date of allotment. Same as above. 3. The amount of fine realized as per the above structure shall be credited to the Investor Protection .....

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..... tions, the date of commencement of trading shall be considered. b) The recognized stock exchange shall grant approvals to the bonus shares allotted to persons other than the promoter(s) in the interest of the investors, subject to compliance with other requirements. c) The approvals for the promoters' bonus shares may be granted by the Stock Exchange after payment of the requisite fine b .....

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