Dec 12 (Reuters) – BSE Ltd:
* BSE TO FILE PROCEEDINGS AGAINST DEFAULTING LISTED COMPANIES UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016
* PROCEEDINGS FILED AGAINST 7 DEFAULTING COS BEFORE NCLT, MUMBAI ON ACCOUNT OF THEIR FAILURE TO PAY ANNUAL LISTING FEES OVER PERIOD OF TIME
* SIMILAR ACTION BEING ENVISAGED AGAINST OTHER COMPANIES TOO
* 7 COS INCLUDE NEO CORP INTERNATIONAL, S. KUMARS NATIONWIDE, ASAHI INFRA & PROJECTS, MAVI INDUSTRIES, TRICOM, TWINSTAR INDUSTRIES, SEZAL GLASS Source text: [A few listed companies have failed to pay Annual Listing Fees (ALF) to BSE in spite of advance intimation, reminders and grant of sufficient time in the past few years. Such companies continue to be listed and traded on BSE. There are about 130 such Com…
Read the full article at: https://www.reuters.com/article/brief-bse-to-file-proceedings-against-7/brief-bse-to-file-proceedings-against-7-defaulting-listed-cos-under-insolvency-and-bankruptcy-code-idUSFWN1OC0L3