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of <h1>SEBI Mandates Detailed Disclosure of Share Encumbrance Exceeding 50% Stake or 20% Capital by Promoters.</h1> The Securities and Exchange Board of India (SEBI) issued a circular mandating promoters of listed companies to disclose detailed reasons for encumbrance of shares when such encumbrance equals or exceeds 50% of their shareholding or 20% of the total share capital. These disclosures, required in a specified format, must be submitted within two working days of the encumbrance's creation. The circular also requires stock exchanges to maintain and disseminate this information on their websites. The provisions of this circular are effective from October 1, 2019, and aim to enhance transparency and protect investor interests in the securities market.
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