24 Sep 21 | 16:00
Indo Us Bio-Tech Ltd
Exchange Received Time
Exchange Disseminated Time
Non-Applicability Of Regulation 23(9) Of SEBI (LODR) Regulations, 2015 |
It may please note that as per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the compliance with the Corporate Governance Provisions as specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) of sub-regulation (2) of regulation 46 and para-C, D and E of Schedule V shall not apply, in respect of -
1. The Listed Entity, having paid up equity share capital not exceeding rupees Ten Crores and Net worth not exceeding rupees Twenty-Five Crore, as on the last day of the Previous financial year;
2. The Listed Entity which has listed its specified securities on the SME Exchange.
Since our Company does not have paid up equity and Net Worth of minimum level as per above referred regulation and it is listed under BSE SME Platform Therefore, our Company is not required to submit Related Party Transactions disclosure as required under Regulation 23(9) of the SEBI (LODR) Regulations, 2015.
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25 Sep 21|06:50 (IST)