250 Companies Penalized By NSE
The National Stock Exchange (NSE) said it has penalised 250 companies, including two IL&FS group firms and Jet Airways, for non-compliance with various listing regulations for the quarter ended March 31, 2019.
The total penalty imposed on the non-compliant companies is little over `8.84 crore, according to NSE data.
The move is in accordance with markets regulator Sebi’s circular that had put in place a standard operating procedure to check non-compliance with provisions of (Listing obligations Disclosure Requirement) Regulations, NSE said.
Fines have been levied in the range of `1,000 to `4.5 lakh.
Penalty of `4.5 lakh has been levied on 31 companies that include Adani Ports and Special Economic Zone, Power Finance Corporation, Bharat Electronics Ltd, Hindustan Copper Ltd, Bharat Heavy Electrical Ltd, Oil India Ltd and Indian Oil Corporation among others.