3rd December 2013
Sub: SEBI Circulars No. CIR/CFD/DIL/3/2013 dated January 17, 2013 and CIR/CFD/DIL/7/2013 dated May 13, 2013- Extension of time line for alignment
Attention of all listed companies of the Calcutta Stock Exchange is drawn to SEBI Circular Ref. CIR/CFD/POLICYCELL/14/2013, dated November 29, 2013 (copy available at CSE website at www.cse-india.com and SEBI website at www.sebi.gov.in), wherein in continuation of its earlier SEBI Circulars, SEBI has been decided to extend the time line for alignment of existing employee benefit with the SEBI (ESOS and ESPS) Guidelines, 1999 to June 30, 2014.
Accordingly, in clause 35C (ii) of the Equity Listing Agreement, the words “December 31, 2013” shall be replaced with “June 30, 2014”.
In view of the above, all listed companies of CSE are advised to strictly adhere and comply with the provision in a timely manner.