It is informed that as per SEBI Circular No. SEBI/HO/MRD/DSA/CIR/P/2017/92 dated August 01, 2017 regarding action against Exclusively Listed Companies and its Promoters/Directors.
The Exchange has shared the details of the non-compliant Exclusively Listed Companies and its Promoters / Directors with the Depositories for initiating the action against following Exclusively Listed Companies and its Promoters/Directors in accordance with the above referred circular. The particulars shared with the Depositories are based on the extent of the data made available by De-recognized/Non-operational/exited Stock Exchanges / ROC, to BSE:
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Sr. No.
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Company Name
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1
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Novex Commercial Enterprises Limited
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Further the consequences of non-compliant, includes the following:-
1. The non-compliant ELCs, its directors, its promoters and the companies which are promoted by any of them shall not be eligible to access the securities market for the purposes of raising capital till the promoters of such ELCs provide an exit option to the public shareholders in compliance with SEBI circular dated October 10, 2016
2. The promoters and directors of non-compliant ELCs shall not be eligible to remain or become director of any listed company till the promoters of such non-complaint ELCs provide exit option to public shareholders. in compliance with SEBI circular dated October 10, 2016
In case Trading Members require any clarifications on the subject matter of this notice, they may please contact to the following:
For, BSE Ltd
Bhushan Mokashi Mangesh Tayde
Additional General Manager Senior Manager
Friday, September 21, 2018
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