The Bombay Stock Exchange (BSE) on January 11, 2024, issued a notification regarding the Surveillance Measure for securities under IBC.
The following has been stated: -
•With reference to the Exchange notice no. 20180608-34 dated June 08, 2018, and Exchange notice no. 20220520-52 dated May 20, 2022, in respect of Additional Surveillance Measure for Companies as per Insolvency and Bankruptcy Code (IBC).
•Members are hereby requested to note that the securities as per attached Annexure I have satisfied the criteria under ASM for Companies as per the Insolvency and Bankruptcy Code (IBC) with effect from January 12, 2023.
•Securities that are placed under the above-mentioned Framework would be reviewed on a periodical basis. Further, the list of securities that are moving out from the IBC Framework, w.e.f. January 12, 2023, is given in Annexure II.
•For ready reference, a consolidated list of securities under the Framework is attached as Annexure III.
•Also, it may also be noted that the shortlisting of securities under the aforesaid Framework is purely on account of market surveillance, and it should not be construed as an adverse action against the concerned company/entity.
The detailed notification is given in the document attached below.
[Notice No. 20240111-38]
