BSE fully accepts waiver plea, withdraws Sep-2020 LODR fines
BSE has fully accepted Garment Mantra Lifestyle's waiver plea on fines for Sep-2020 compliance lapses.
By ScoutQuest · · 1 min read
- Reg 17(1) fine waived
- Rs. 5,42,800 waived in full, payable Rs. 0
- Other LODR fines waived
- Rs. 2,17,120 under Reg 18(1); Rs. 217,120 under Reg 19(1)/(2); Rs. 217,120 under Reg 20(2)/(2A) — payable Rs. 0 each
- Pending waiver requests
- Two SOP penalty waiver requests are yet to be processed by BSE
Garment Mantra Lifestyle Ltd has told the exchanges that BSE Limited has accepted in full its application to waive fines that had been levied on the company.
What BSE has withdrawn
The fines relate to the quarter ended September 2020. BSE's communication dated 22 October 2026 sets out the amount levied, the amount waived and what remains payable for each regulation:
- Regulation 17(1): fine levied Rs. 5,42,800; waived Rs. 5,42,800; payable Rs. 0
- Regulation 18(1): fine levied Rs. 2,17,120; waived Rs. 2,17,120; payable Rs. 0
- Regulation 19(1)/(2): fine levied Rs. 217,120; waived Rs. 217,120; payable Rs. 0
- Regulation 20(2)/(2A): fine levied Rs. 217,120; waived Rs. 2,17,120; payable Rs. 0
What a full waiver means
A penalty that has been fully waived no longer carries an amount due. On each of these four lines the balance payable is shown as Rs. 0, so these particular penalties no longer sit as an outstanding amount against the company.
Still open
The company has stated that waiver applications for two other penalties are yet to be processed by BSE Limited:
- SOP under Regulation 27(2), for non-submission for the quarter ended September 2020
- SOP under Regulation 31, for late submission for the quarter ended June 2020
How a reader can place this
This is a compliance-status update about an old and specific set of penalties from 2020. It records that BSE has accepted the company's submissions for the four regulations listed above, and it also records that two SOP-linked waiver requests are still pending with the exchange.
More numbers
- Fine levied under Regulation 17(1), Sep-20205,42,800
- Fine levied under Regulation 18(1), Sep-20202,17,120
- Fine levied under Regulation 19(1)/(2), Sep-2020217,120
- Fine levied under Regulation 20(2)/(2A), Sep-2020217,120
- Balance payable under Regulation 17(1) after waiver0
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