NSE, BSE impose ₹5.42-lakh penalty on MTNL for non-compliance
New Delhi: Stock exchanges NSE and BSE have imposed a penalty of ₹5.42 lakh on state-owned debt-ridden telecom firm MTNL for not complying with the norms related to the composition of the board.
MTNL, in a regulatory filing, said it is required to appoint four more independent directors as per the norm, but it has been unable to do so.
