Notice period reduction for book-closure/record dates: dematerialised scrips now subject to shorter notice than physical scrips. SEBI has directed stock exchanges to reduce the advance notice for fixing the book-closure/record date, cutting the previous 30-day intimation requirement for dematerialised securities and 42-day requirement for physical securities to shorter calendar notice periods (reduced to 15 days for demat scrips and 21 days for physical scrips in the first phase), with immediate implementation, requisite listing agreement and bye-law amendments, dissemination to members, and publication for investor access under SEBI's powers under Section 11(1) read with Section 10 of the SCRA.
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Notice period reduction for book-closure/record dates: dematerialised scrips now subject to shorter notice than physical scrips.
SEBI has directed stock exchanges to reduce the advance notice for fixing the book-closure/record date, cutting the previous 30-day intimation requirement for dematerialised securities and 42-day requirement for physical securities to shorter calendar notice periods (reduced to 15 days for demat scrips and 21 days for physical scrips in the first phase), with immediate implementation, requisite listing agreement and bye-law amendments, dissemination to members, and publication for investor access under SEBI's powers under Section 11(1) read with Section 10 of the SCRA.
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