National stock exchange bans Pyramid Saimira from trading from June 1 for non - Filling of quarterly corporate governance report.
Clause 49 of the listing agreement, which is an umbrella regulation on corporate governance norms, mandates companies to submit a quarterly report, signed either by the compliance officer or the CEO, to the stock exchange within 15 days from the close of a quarter.
According to the Exchange public announcement, the company failed to respond to its notice for non-compliance with provisions of listing agreement.
No comments:
Post a Comment