More penalties on firms not complying with MPS
The Securities and Exchange Board of India (Sebi) has imposed stringent penalties on companies which don´t comply with the minimum public shareholding (MPS) norms.On Tuesday, Sebi has asked the stock exchanges to imposeafine of Rs 5,000 per day on such companies.Depositories will also freeze the entire shareholding of the promoter group in such cases.
The Business Standard, New Delhi, 11th October 2017
Comments
Post a Comment