MPS norms Non compliant companies to face stiff penalties Stock exchanges will impose a fine of up to Rs 10,000 on companies for each day of non- compliance with the minimum public shareholding requirements, according to a Sebi circular.Names of the non-compliant entities would also be disclosed on the websites of the exchanges concerned.Under the Sebi norms, listed entities are required to have a Minimum Public Shareholding (MPS) of 25 per cent. Listing out the procedures to be followed by stock exchanges, Sebi in a circular today said that in case they find companies are not in compliance with MPS requirements, then notices should be issued to them within 15 days.In cases where the listed entity has failed to meet the MPS norms for more than a year, the bourse would slap a fine of "Rs 10,000 per day of non-compliance" and the penalty would continue to be imposed till the date of compliance. For other non-compliant entities, the fine would be Rs 5,000 per day."T