Industry body PHDCCI has urged capital market regulator Sebi to provide an early and easy process for small firms that wish to delist shares from Calcutta Stock Exchange.
In a representation to Sebi earlier this month, the chamber has recommended a “single window system” or “one-time settlement scheme” for small companies wishing to regularize their functionality on CSE.
The chamber argued that smaller companies may not have the financial resources to comply with certain regulations and may face greater challenges in meeting regulatory requirements.
An amnesty scheme or minimum penalty” or waiver could help alleviate some of these challenges and encourage more companies to comply with regulations and also for the sake of the interest of shareholders, leading to erosion of capital of the small companies, PHDCCI said.
The chamber claimed that CSE is a non-trading exchange but is collecting listing fees every year from the companies that were listed decades ago.
“The income of small
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