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Accounting standards

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(Querist)
25 May 2011 Does SEBI levy any penalty for non compliance of accounting standards by listed companies? If yes please let me know the section/rule/notification/regulation/circular/office note no. and also the quantum.
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RAHUL SARIA (CA, CS)

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RAHUL SARIA (CA, CS) (Expert)
26 May 2011 AS are to be followed in compliance to SEBI listing agreements between the Company and the stock exchanges. pl refer to the same.

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