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of <h1>SEBI Reduces Notice Period for Listed Companies to Inform Stock Exchanges About Book-Closure or Record Date.</h1> SEBI has revised the notice period for listed companies to inform stock exchanges about their book-closure or record date. Previously, a 30-day notice was required for dematerialized securities and 42 days for physical securities. The new circular reduces this to 15 days for demat securities and 21 days for physical ones. This change aims to minimize market disruption and will be implemented immediately. Stock exchanges must amend their bye-laws and listing agreements accordingly and inform brokers and investors. This decision is made under the authority of the Securities and Exchange Board of India Act, 1992, to protect investors and regulate the securities market.
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