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of <h1>SEBI Amends Regulations: Promoters Must Disclose Share Pledges to Companies and Stock Exchanges Effective January 28, 2009.</h1> The Securities and Exchange Board of India (SEBI) has amended the Substantial Acquisition of Shares and Takeovers Regulations, 1997, effective January 28, 2009. The amendment requires promoters and their groups to disclose share pledges to the company, which must then report to the stock exchanges. Formats for these disclosures are provided in Annexures A and B. Stock exchanges are instructed to inform listed companies of these requirements. This circular is issued under the powers granted by the SEBI Act, 1992, to protect investor interests and regulate the securities market.
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