NOTICE
CSE/Notices/SEBI/2012/114
September
29, 2012
Trading members are hereby informed that
the Exchange has received a Circular from SEBI vide Ref. No. CIR/MRD/DP/ 24
/2012, dated September 11, 2012 regarding Addendum to Circular No.
CIR/MRD/DP/21/2012 dated August 02, 2012 on activation of ISIN in case of
additional issue of shares/ securities. The contents of the said Circular are reproduced
hereunder for information of listed companies and trading members.
Quote : -
CIRCULAR
CIR/MRD/DP/ 24
/2012 September 11, 2012
To,
The Depositories,
The Stock Exchanges
Dear Sir,
Sub: Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 02,
2012 on activation of ISIN in case of additional issue of shares/ securities.
1. Please refer to SEBI circular CIR/MRD/DP/21/2012 dated August
02, 2012 on activation of ISIN in case of additional issue of shares/
securities.
2. In partial modification, the earlier point 3 and 5 of the
aforesaid circular shall be replaced as under –
"3. Further, in order to curtail the transfer of additional
issue of shares / securities including by way of further public offerings,
rights issue, preferential allotment, bonus issue etc of the listed company,
prior to receipt of final listing / trading approval, the depositories shall
devise a mechanism so that such new securities created shall be frozen till the
time final listing/ trading permission is granted by the exchange."
“5. The stock exchanges are advised to provide the details to the
depositories whenever final listing / trading permission is given to
securities. Further, in case of issuance of equity shares by a company, listed
on multiple stock exchanges, the concerned stock exchanges shall synchronize
their effective dates of listing / trading approvals and intimate the same to
depositories in advance."
3. The Depositories are advised to:-
a) make amendments to the relevant bye-laws, rules and regulations
for the implementation of the above decision immediately, as may be applicable
/necessary;
b) bring the provisions of this circular to the notice of their
DPs and also to disseminate the same on their website.
4. This circular is being issued in exercise of the powers
conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992
and section 19 of the Depositories Act, 1996 to protect the interest of
investors in securities and to promote the development of, and to regulate, the
securities market.
Maninder Cheema
Deputy General Manager
022-26449754
Unquote:
Trading
members & listed companies are requested to take note of the aforesaid SEBI
guideline.
M.A.V. Raju
Deputy General Manager