MTCC fined by MVR 30,000 for failing to submit financia

2 days ago

The Maldives Transport and Contracting Company (MTCC) has been fined MVR 30,000 for failing to submit its audited financial statements within the legally mandated timeframe. In a formal announcement, the Capital Market Development Authority (CMDA) stated that the penalty was imposed under Article 46 of the 'Regulation on the Minimum Criteria for Periodic Information Disclosure by Issuers of Securities.' The authority