It was decided to amend Article 32 of the rating agreement to include the additional advertising obligations mentioned above. In the event of non-compliance with certain provisions of the listing agreement, Securities and Exchange Board of India (SEBI) empties its circular no CIR/MRD/DSA/31/2013 of 30 September 2013 have implemented the following measures: It is recommended that the exchanges amend the listing agreement accordingly and immediately confirm compliance with these provisions. If the requirement of clause 41 is not met, it is a criminal offence and contrary to the provisions of the list agreement. (i) “uniform fine structure” in the event of non-compliance with certain clauses of the listing agreement Currently, only the semi-annual results of publicly traded companies are subject to limited review by the holster controllers. It was decided to amend Section 41 of the rating agreement so that unaudited quarterly results would also be subject to limited review of bitter quarters or ended after June 30, 2003. All other provisions of section 41 relating to the restricted semi-annual review now apply to the limited review of unaudited quarterly results. If, within a fortnight of the date of the notice, a publicly traded company commits two consecutive defaults under point 41 of the listing agreement, the relevant exchange, in addition to the imposition of the fine, moves the scrip of companies listed in the “Z” category in addition to the imposition of the fine, as shown above. 4. The current provisions of the listing agreement require companies to provide details of audit qualifications and, in the case of audit qualifications, the exchanges invite companies to declare that the suspension of trading is made if the company does not comply with clause 41 of the listing agreement with respect to the presentation of financial results for two consecutive quarters.
The SEBI Accounting Standards Committee (CSA) was established as a standing committee chaired by Shri Y H Malegam to verify, among other things, the continuous disclosure obligations of publicly traded companies. The committee looked at issues related to advertising by listed companies concerning loans/advances and investments, disclosure of qualifications and audit measures, current advertising obligations under the listing agreement, etc., and made the following recommendations: in accordance with Article 41 of the listing agreement, each company submits to the stock exchange quarterly, until today and annually, financial results in accordance with the clause. The financial results covered by Clause 41 of the List Agreement for the Standard Operating Quarter (ii) (SOP) of suspension and withdrawal of the suspension of the trading of shares of these listed companies, which ended on December 31, 2014. . The Company gives the Exchange at least 7 clear days prior to the meeting a pre-assessment of the date and time and purpose of the meeting, which takes into account the financial results. . What are the consequences of not complying with the provisions of the list agreement: the above results must be forwarded to the Stock Exchange within 15 days of the board meeting.