RASHTRIYA CHEMICALS & FERTILIZERS LTD. - 524230 - Comments Of Board For Dissemination On Notices For Non-Compliance Of Regulation 17(1) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
This has reference to your letter no.LIST/COMP/Reg.27(2) & 17 to21/Mar-19/524230/37/2019-20 dated 2nd May, 2019 regarding non compliance with the provisions of Regulations 17(1) of SEBI (LODR) Regulations, 2015. The notice was placed before the Board in its 413rd Board Meeting held on 8th August, 2019 Board had detailed deliberations and observed that since Directors were appointed by the Government of India, Company should take up the matter with DoF for appointment of requisite number of Independent Directors. We again request you to withdraw the notice and waive off the fine and exempt RCF Ltd. from compliance of Regulation 17(1) of SEBI (LODR) Regulations.24-08-2019