NOTICE ON REVISION IN ACTIVATION FEES THROUGH REDCTION OF INTEREST FOR NON-COMPLIANT SUSPENDED COMPANIES

 

 

 

2nd   August 2022

Ref. No. CSE/LD/                   /2022

 

NOTICE ON REVISION IN ACTIVATION FEES THROUGH REDCTION OF INTEREST FOR NON-COMPLIANT

SUSPENDED COMPANIES

 

To: All listed suspended companies

We would like to inform you that all the listed suspended companies who are suspended for non-compliance, can become active by complying with all the regulatory compliances in the following manner:-

Salient features:

  • Penalty to be charged as per the provisions of the SEBI Circular 22nd January 2020.
  • Rate of interest on outstanding listing fee reduced to 2.5% p.a. plus GST from the period of the non-payment upto the date of payment for  default of respective years of listing fees
  • One Time Processing fee of Rs.25,000/- plus G.S.T

 

However, all non-compliance suspended companies have to comply the existing relevant provisions for revocation relating to -

i)                    At least one year compliance as per LODR and other relevant Regulations

ii)                  Outstanding annual listing fee due with this Exchange.

 

**CSE will continue with its practice of barring suspected shell companies as per list prepared by MCA.

 

 

P. Dutta

CFO