New Delhi: Leading exchanges BSE and NSE A total fine of Rs 11.22 lakh has been imposed on Adani Green Energy For non-compliance with certain listing rules.
Both the exchanges imposed a fine of Rs 5.61 lakh on the company.
“BSE Limited and National Stock Exchange of India Limited vide their letters dated November 21, 2023 (received by us at 6.30 pm and 8.30 pm respectively) have imposed a penalty of Rs 5,61,680 each on the company.” the company said in a regulatory filing.
According to the filing, the company also wishes to clarify that the company has already appointed two more independent directors with effect from September 7 and subsequently changed the composition of the committees, in full compliance with Companies Regulations 17(1) and 19( Is complying with 1) SEBI Listing Regulations effective from September 7, 2023.
Regulation 17(1) of the SEBI Listing Regulations provides for requirements relating to the composition of the board, including failure to appoint a woman director.
Regulation 19(1) provides for the constitution of the Nomination and Remuneration Committee.
Both the exchanges imposed a fine of Rs 5.61 lakh on the company.
“BSE Limited and National Stock Exchange of India Limited vide their letters dated November 21, 2023 (received by us at 6.30 pm and 8.30 pm respectively) have imposed a penalty of Rs 5,61,680 each on the company.” the company said in a regulatory filing.
According to the filing, the company also wishes to clarify that the company has already appointed two more independent directors with effect from September 7 and subsequently changed the composition of the committees, in full compliance with Companies Regulations 17(1) and 19( Is complying with 1) SEBI Listing Regulations effective from September 7, 2023.
Regulation 17(1) of the SEBI Listing Regulations provides for requirements relating to the composition of the board, including failure to appoint a woman director.
Regulation 19(1) provides for the constitution of the Nomination and Remuneration Committee.
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