Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Introduces T+2 Trading for Bonus Shares; Compliance Required by Oct 1, 2024, with Penalties for Delays.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to streamline the process for trading bonus shares by enabling T+2 trading, where T is the record date. Issuers must apply for approval within five days of board approval and notify the stock exchange of the record date and deemed allotment date. Exchanges will notify the number of shares and ensure credit by T+1 day. Bonus shares will be available for trading by T+2 day. The circular exempts temporary ISIN requirements and mandates compliance by October 1, 2024, with penalties for delays. Amendments to relevant regulations are required for implementation.