Penalty for non-compliance of market norms to get stricter | Ethical Research


  • The amount of fine realised will be credited to the "Investor Protection Fund" of the stock exchange concerned
  • A circular issued now prescribes for a penalty of ₹20,000 per day


Market regulator Securities and Exchange Board of India (Sebi) on Monday came out with stringent norms for regulatory disclosures by listed firms.
Ethical Research
SEBI



A Sebi circular on "non-compliance with certain provisions of Sebi (Issue of Capital and Disclosure Requirements) Regulations, 2018" issued on Monday prescribes a penalty of ₹20,000 per day on those listed companies which fail to comply with certain provisions of the ICDR.

The amount of fine realised will be credited to the "Investor Protection Fund" of the stock exchange concerned, the circular added.

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