The Hindu Business Line : BSE issues show cause notice to 800 cos

New Delhi, Dec 9 The Bombay Stock Exchange Ltd has till date issued show cause notices to about 800 companies for non-compliance to the listing agreement entered into by these companies with the stock exchange.

“We have issued show cause notices to around 800 companies for violation of the listing agreement entered with us,” Mr Rajnikant Patel, Managing Director and Chief Executive Officer of BSE, said on the sidelines of an event on capital markets here.

On whether any action had been taken by BSE against those companies that did not comply with Clause 49 of the Listing Agreement, Mr Patel said that several cases have been referred to SEBI as the exchange cannot levy penalties on companies for such offences.

He said it was for SEBI to take action, if required.

All options open on IPO

To a question on whether BSE was planning an initial public offering in the coming days, he said that “all options were open”, while declining to comment on the options or the timeframe.

Foreign direct investment limit of 26 per cent has already been reached in BSE.

Related Stories:
SEBI proceeds against 20 cos for not complying with Clause 49 norms
`Punish cos for Clause 49 non-compliance'
30,000 cos default on annual filing

More Stories on : Stock Exchanges | Regulatory Bodies & Rulings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
BSE issues show cause notice to 800 cos

Celebrating X-Mas too early?

IT counters resilient

Today's Pick: Aftek (Rs 82.75)

Day Trading Guide

Benchmarks may consolidate within a range

Sensex will continue to trade high, says FICCI survey