BSE and NSE Fine NTPC Rs 5.37 Lakh Each for Listing Board Norm Breach
BSE and the NSE imposed penalties totalling Rs 59.14 crore on multiple state-owned power companies for Sebi listing-regulation breaches on board and committee composition. For NTPC, each exchange fined Rs 5.36,900 (including GST) for non-compliance with Regulation 17(1) on board composition and independent directors. NTPC cited board vacancies tied to government-appointed directors and will seek waivers while pursuing appointments with the Ministry of Power.