Streamlining the Process of Public Issue of Equity Shares and convertibles

 

 

31st December, 2018

 

NOTICE

 

Sub: Streamlining the Process of Public Issue of Equity Shares and convertibles

To all Listed Companies

 

Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 dated December 7, 2018 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein

 

Vide SEBI Circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015, a format has been prescribed for disclosure of holding of specified securities and shareholding pattern under Annexure-I to the said circular. 

 

Vide notification dated June 14, 2018, Ministry of Corporate Affairs has notified the Companies (Significant Beneficial Owners) Rules, 2018 under which various requirements pertaining to disclosures regarding Significant Beneficial Owners have been specified. 

 

In the interest of transparency to the investors in the securities market, the following is specified:

 

        I.            All listed entities shall disclose details pertaining to significant beneficial owners in the format prescribed at Annexure to this circular. 

      II.            The format specified in the Annexure to this circular shall be Table V under clause 5 of the format of holding of specified securities specified in the aforesaid circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015. The circular No. CIR/CFD/CMD/13/2015 dated November 30, 2015 shall stand modified to that extent. 

    III.            All the terms specified in this circular shall have the same meaning as specified in Companies (Significant Beneficial Owners) Rules, 2018.

 

This Circular shall come into force with effect from the quarter ended March 31, 2019. 

 

This is for information and necessary action.

 

 

 

CS Chandrani Datta

Executive-Listing