Explain any six criteria for suspension of the trading in the shares of the listed entities as per SEBI (LODR) Regulation, 2015.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2024
Explain any six criteria for suspension of the trading in the shares of the listed entities as per SEBI (LODR) Regulation, 2015.
Answer & Explanation:
The criteria for suspension of the trading in the shares of the listed entities as per SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI Master Circular SEBI/HO/CFD/POD2/CIR/P/0155 dated 11.11.2024 include the following: Failure to comply with regulation 17(1) with respect to board composition including appointment of woman director for two consecutive quarters Failure to comply with regulation 18(1) with respect to constitution of audit committee for two consecutive quarters Failure to comply with regulation 27(2) with respect to submission of corporate governance compliance report for two consecutive quarters Failure to comply with regulation 31 with respect to submission of shareholding pattern for two consecutive quarters Failure to comply with regulation 33 with respect to submission of financial results for two consecutive quarters Failure to comply with regulation 34 with respect to submission of annual report for two consecutive financial years Failure to submit information on the reconciliation of shares and capital audit report, for two consecutive quarters Receipt of the notice of suspension of trading of that entity by any other recognized stock exchange on any or all of the above grounds
Topics: SEBI (LODR) Regulations
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