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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI Updates Equity Listing Agreement: Enhanced Disclosure on Promoter Shareholding and Pledged Shares in Clauses 35 and 41.</h1> The Securities and Exchange Board of India (SEBI) has amended the Equity Listing Agreement to enhance disclosures regarding the shareholding of promoters and promoter groups. Changes to Clause 35 require detailed reporting on shares pledged by promoters, while amendments to Clause 41 necessitate modifications in the quarterly financial result format to include promoter shareholding details. These amendments aim to protect investor interests and regulate the securities market. Stock exchanges must implement these changes immediately, with reporting starting from the quarter ending March 31, 2009. The revised formats will not require details of pledged shares for the corresponding quarters of the previous year.