Amalgamation record date triggers suspension of trading and ISIN freeze to prevent post-record transfers of shares. Global Trust Bank has been amalgamated with Oriental Bank of Commerce and a record date has been fixed to determine former GTB shareholders. Trading in GTB equity is to be suspended from the business day before the record date, and depositories must freeze the GTB ISIN after the record date to prevent further transfers, including off market transactions; exchanges and depositories must notify constituents and publish the information.
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.
Amalgamation record date triggers suspension of trading and ISIN freeze to prevent post-record transfers of shares.
Global Trust Bank has been amalgamated with Oriental Bank of Commerce and a record date has been fixed to determine former GTB shareholders. Trading in GTB equity is to be suspended from the business day before the record date, and depositories must freeze the GTB ISIN after the record date to prevent further transfers, including off market transactions; exchanges and depositories must notify constituents and publish the information.
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