Company Law: Where appellant company violated various provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and appellant made a representation to authorities requesting for waiver/reduction of penalty imposed by BSE contending that for not appointing Company Secretary and two independent directors on Board/audit committee, penalty might be waived under exceptional circumstances as carved out in SEBI's circular dated 3-5-2018, it
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