BSE suspended 18 companies caution about these stocks

BSE suspended 18 companies
Trading Members are hereby informed that, despite giving various reminders and subsequent show-cause notices, the undermentioned 18 companies, have failed to comply with various provisions of the Listing Agreement till quarter ended March 2009 -

Consequently, trading in securities of these 18 companies will be suspended w.e.f. Monday, January 04, 2010, on account of non-compliance with the provisions of the Listing Agreement, for the following period(s) -

(i)in case, the company complies (to the satisfaction of the Exchange) with all the provisions of the Listing Agreement on or before Thursday, December 24, 2009, trading in securities of the company will be suspended for 5 days i.e. upto Friday, January 08, 2010.

(ii)in case a company complies (to the satisfaction of the Exchange), with all the provisions of the Listing Agreement on or before Monday, January 18, 2010, the trading in securities of a company will be suspended for 30 days i.e. upto Thursday, February 04, 2010.

(iii) however, in case the company fails to comply with the provisions of the Listing Agreement, to the satisfaction of the Exchange on or before Monday, January 18, 2010, the suspension will continue till such time the Company complies with the procedure prescribed for revoking suspension in a scrip.

It may be noted that suspension of trading in securities of a company will be revoked only if the company has complied with all the provisions of the Listing Agreement upto the latest quarter for which the compliances are required.

Source - BSEindia

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