Disclosure obligations on promoter shareholdings removed; previously listed companies had to report changes in promoters' and top shareholders' holdings. Section 93 of the Companies Act, 2013-which required listed companies to file with the Registrar, within fifteen days, returns regarding changes in the number of shares held by promoters and the top ten shareholders-was omitted by the Companies (Amendment) Act, 2017 effective 13-06-2018, thereby removing that statutory disclosure and Registrar filing obligation.
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Disclosure obligations on promoter shareholdings removed; previously listed companies had to report changes in promoters' and top shareholders' holdings.
Section 93 of the Companies Act, 2013-which required listed companies to file with the Registrar, within fifteen days, returns regarding changes in the number of shares held by promoters and the top ten shareholders-was omitted by the Companies (Amendment) Act, 2017 effective 13-06-2018, thereby removing that statutory disclosure and Registrar filing obligation.
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