Minimum public shareholding compliance: companies must use issuance, offer for sale, or secondary market sales to raise public float. Issuers must enhance shareholding transparency by filing the shareholding pattern one day prior to listing, quarterly within prescribed timelines, and within ten days where capital restructuring changes paid up capital by more than 2%; Depository Receipt custodial holdings must be segregated into promoter/promoter group and public. Issuers required to reach minimum public shareholding must adopt issuance, offer for sale, or secondary market sale (the latter subject to prior Specified Stock Exchange approval). Unclaimed physical shares are to be transferred to a dematerialised Unclaimed Suspense Account with frozen voting rights and annual report disclosures. Issuers must fix pre announced dividend/bonus pay dates, disclose media agreements on websites and exchanges, and maintain a functional updated corporate website.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Minimum public shareholding compliance: companies must use issuance, offer for sale, or secondary market sales to raise public float.
Issuers must enhance shareholding transparency by filing the shareholding pattern one day prior to listing, quarterly within prescribed timelines, and within ten days where capital restructuring changes paid up capital by more than 2%; Depository Receipt custodial holdings must be segregated into promoter/promoter group and public. Issuers required to reach minimum public shareholding must adopt issuance, offer for sale, or secondary market sale (the latter subject to prior Specified Stock Exchange approval). Unclaimed physical shares are to be transferred to a dematerialised Unclaimed Suspense Account with frozen voting rights and annual report disclosures. Issuers must fix pre announced dividend/bonus pay dates, disclose media agreements on websites and exchanges, and maintain a functional updated corporate website.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
