Understanding the Penalties on Indian Oil Corporations (PSUs) for Regulatory Non-Compliance Estabizz Fintech Pvt Ltd brings to light the recent penalties imposed on Indian Oil Corporation Ltd. (IOC) and Bharat Petroleum Corporation Limited (BPCL) by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). For the fifth consecutive quarter, these leading oil refiners and marketers have faced fines due to not adhering to the stipulated norms concerning board composition, particularly regarding independent directors. Breaking […]
