COST OF NON-COMPLIANCES FOR LISTED COMPANIES WILL BE HIGHER –SEBI
Non-compliance with certain
provisions of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations,
2015 and the Standard Operating Procedure for suspension and revocation
of trading of specified securities.
Details
of Non-Reporting
|
Amount
of Fine in Rupees
|
Non-compliance with
requirement to appoint a
qualified company secretary as
the compliance officer`
|
₹ 1,000 per
day
|
Non-compliance with
requirement to appoint share transfer agent
|
₹ 1,000 per
day
|
Failure to
ensure that adequate steps are
taken for expeditious redressal of investor
complaints Non-submission of the statement on shareholder complaints
within the period prescribed under this regulation or under
any circular issued in
respect of redressal
of investor grievances
|
₹ 1,000 per
day
|
Non-compliance
with the requirements
pertaining to the composition of the Board including
failure to appoint woman director
|
₹ 5,000 per
day
|
Non-compliance
with the constitution of audit committee
|
₹ 2,000 per
day
|
Non-compliance
with the constitution of nomination
and remuneration committee`
|
₹ 2,000 per
day
|
Non-compliance
with the constitution of stakeholder relationship committee
|
₹ 2,000 per
day
|
Non-compliance
with the constitution of risk
management committee
|
₹ 2,000 per
day
|
Delay in
furnishing prior intimation
about the meeting
of the board
of directors`
|
₹ 2,000 per
day
|
Non-submission of
the Corporate governance compliance
report within the period
provided under this regulations
|
₹ 10,000 per
instance of non-compliance per item 11.Regulation
|
Non-submission of
shareholding pattern within the period prescribed
|
₹ 2,000 per
day
|
Non-submission of
deviations/variations in utilization of
issue proceeds
|
₹ 1,000 per
day
|
Non-submission of
the financial results within the period prescribed under this
regulation
|
₹ 5,000 per
day
|
Non-submission of
the Annual Report within the
period prescribed under this regulation
|
₹ 2,000 per
day
|
Non-submission
of information regarding loss of share certificates and issue
of the duplicate
certificates within the period prescribed under this regulation
|
₹ 1,000 per
day
|
Delay in/
non-disclosure of record
date/ dividend declaration
or non-compliance with
ensuring the prescribed time
gap between two record dates/ book closure dates`
|
₹ 10,000 per
instance of non-compliance
|
Non-submission of
the voting results within
the period provided under this regulation
|
₹ 10,000 per
instance of non-compliance
|
Regulation
46Non-compliance with norms pertaining to functional website Advisory/warning
letter per instance of non-compliance per item`
|
₹ 10,000 per
instance for every additional advisory/warning letter exceeding the four
advisory/ warning letters in a financial year
|
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