ISIN activation timing limited to trading commencement to prevent pre-listing transactions and protect investors. Depositories must activate ISINs for IPO shares only on the date trading commences on stock exchanges to prevent pre-listing transactions. This procedural restriction on ISIN activation timing is issued under the powers of Section 11(1) of the SEBI Act to protect investors and to promote and regulate the securities market.
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.
ISIN activation timing limited to trading commencement to prevent pre-listing transactions and protect investors.
Depositories must activate ISINs for IPO shares only on the date trading commences on stock exchanges to prevent pre-listing transactions. This procedural restriction on ISIN activation timing is issued under the powers of Section 11(1) of the SEBI Act to protect investors and to promote and regulate the securities market.
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