HDFC Bank’s M-cap touches Rs 14 trillion for first-time ever
The market capitalization (market cap) of HDFC Bank topped the Rs 14 trillion mark for the first-time ever on Thursday.
Leading stock exchange BSE on Friday directed brokers to submit by 30 June the internal audit report for six months ended 31 March.
Non-submission of the report within the cut-off period will attract penalty.
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All brokers and clearing members are required to carry out complete internal audit on a half-yearly basis by independent chartered accountants or company secretaries who do not have any conflict of interest.
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In a circular BSE said that all trading and clearing members have been “directed to submit the internal audit report for half year ended 31 March, 2017 to the exchange on or before 30 June, 2017”.
The documents will not be accepted in physical form, it said. Non-submission or delay in submitting the report by 30 June will be treated as non-compliance.
“Stock brokers are reminded to submit the Internal Audit Report electronically through BEFS before the due date in order to avoid non/delay submission charges and any disciplinary action against them for the non-submission of the report,” the exchange noted.
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