Marking lien in demat accounts for tender offers to enable blocking, settlement of accepted shares and release of unaccepted holdings. Marking a lien in shareholders' demat accounts is mandated for tendering shares in open offers, buybacks and delisting offers; Depositories will block shares and provide blocked-quantity details to Clearing Corporations, issuers or Registrars will supply entitlement and accepted-quantity data, only accepted quantities will be debited on settlement, and liens on unaccepted shares will be released, with detailed intra- and inter-depository procedures governing blocking, IDT messaging, cancellation of excess blocked securities and transfer of accepted shares to Clearing Corporations.
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.
Marking lien in demat accounts for tender offers to enable blocking, settlement of accepted shares and release of unaccepted holdings.
Marking a lien in shareholders' demat accounts is mandated for tendering shares in open offers, buybacks and delisting offers; Depositories will block shares and provide blocked-quantity details to Clearing Corporations, issuers or Registrars will supply entitlement and accepted-quantity data, only accepted quantities will be debited on settlement, and liens on unaccepted shares will be released, with detailed intra- and inter-depository procedures governing blocking, IDT messaging, cancellation of excess blocked securities and transfer of accepted shares to Clearing Corporations.
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