Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
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.
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