Notice period for corporate actions increased for securities with derivatives, requiring longer advance notice to stock exchanges. Companies whose shares carry listed derivatives or form part of an index with derivatives must give extended advance notice to stock exchanges for corporate actions limited to mergers, de mergers, splits and bonus issues. Stock exchanges must implement the change immediately, amend bye laws and listing agreements where necessary, notify companies and publish the circular for investor access.
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Provisions expressly mentioned in the judgment/order text.
Notice period for corporate actions increased for securities with derivatives, requiring longer advance notice to stock exchanges.
Companies whose shares carry listed derivatives or form part of an index with derivatives must give extended advance notice to stock exchanges for corporate actions limited to mergers, de mergers, splits and bonus issues. Stock exchanges must implement the change immediately, amend bye laws and listing agreements where necessary, notify companies and publish the circular for investor access.
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