Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Updates Disclosure Formats for Promoters Under Regulation 31 to Boost Transparency in Share Acquisitions.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular revising the formats for disclosures under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This modification aims to enhance transparency and assist investors in making informed decisions. The updated formats pertain to Regulation 31, which involves disclosures by promoters concerning the encumbrance, release, or invocation of shares. The circular, effective immediately, is available on SEBI's website. It includes detailed instructions for promoters to report their shareholding status, encumbrance events, and reasons for such encumbrances to stock exchanges and the target company.