Question

A listed company repeatedly FAILS to submit its quarterly financial results within the prescribed 45-day window under the SEBI (LOD

  • R Regulations, 2015. The consequence is that:
A The company is delisted automatically without any inquiry
B The company is in breach of its disclosure obligations under Regulation 33, attracting non-compliance consequences (penalties/sanctions by SEBI or the exchange for the default)
C The company commits no wrong until the annual report is due
D Only the auditor is liable
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