Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
This circular outlines the procedure for enabling T+2 trading of bonus shares, where T is the record date. Key points: Issuers to apply for in-principle approval within 5 days of board meeting approving bonus issue. Record date (T) and deemed allotment date (T+1) to be intimated. Stock exchanges to issue notification accepting record date and notifying bonus share count. Issuers to submit documents for bonus share credit by 12 PM on T+1. Distinctive number ranges to be uploaded, relevant dates updated before credit. Bonus shares tradable on T+2. Temporary ISIN exempted, direct credit in permanent ISIN permitted. Applicable from October 1, 2024, with penalties for non-compliance. Issued under SEBI Act to protect investor interests and regulate securities market.
This circular outlines the procedure for enabling T+2 trading of bonus shares, where T is the record date. Key points: Issuers to apply for in-principle approval within 5 days of board meeting approving bonus issue. Record date (T) and deemed allotment date (T+1) to be intimated. Stock exchanges to issue notification accepting record date and notifying bonus share count. Issuers to submit documents for bonus share credit by 12 PM on T+1. Distinctive number ranges to be uploaded, relevant dates updated before credit. Bonus shares tradable on T+2. Temporary ISIN exempted, direct credit in permanent ISIN permitted. Applicable from October 1, 2024, with penalties for non-compliance. Issued under SEBI Act to protect investor interests and regulate securities market.
Note: It is a system-generated summary and is for quick reference only.
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