What is irp stage 0?
"Sebi and Exchanges in order to enhance market integrity and safeguard interest of investors, have been introducing various enhanced preemptive surveillance measures such as reduction in price band, periodic call auction and transfer of securities to Trade to Trade category from time to time," said the exchanges in a circular.
"In continuation to various surveillance measures already implemented, SEBI and Exchanges, pursuant to discussions in joint surveillance meetings, have decided that along with the aforesaid measures there shall be Surveillance Measures for Companies that are undergoing Insolvency Resolution Process (IRP) as per Insolvency and Bankruptcy Code (IBC) w.e.f. June 11, 2018," the circular added.
ABG Shipyard, Jaypee Infratech, Bhushan Steel, Amtek Auto, Ruchi Soya, Alok Industries, Viceroy Hotels, Orchid Pharma, and Mandhana Industries are some of the companies that have been included in the ASM list.
Here are 60 companies under NSE's surveillance
Here are 75 companies under BSE's surveillance
The exchanges further informed that the the aforesaid securities shall be monitored on a pre-determined objective criteria and margin shall be levied at the rate of 100 per cent once the criteria gets satisfied. These securities shall be further monitored for an objective criteria and shall be shifted to Trade for Trade segment once the criteria gets satisfied, they said.
IRP stands for Corporate Insolvency resolution process. insolvency resolution process (IRP) as per the Insolvency and Bankruptcy Code ( IBC). Activities to be undertaken when taking over as IRP of a Corporate Debtor. The insolvency resolution process (IRP) is a one under the Insolvency and Bankruptcy Code, 2016, where the National Company Law Tribunal. Accordingly, the list of securities undergoing IRP as per IBC shall be available on the exchange's website. He is just about 50 days away from the March 14 deadline when the first 180 days allowed to the IRP under the Insolvency and Bankruptcy Code (IBC) to get a fix.
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