Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
SEBI has modified the disclosure requirements for shareholding patterns under Regulation 31 of the Listing Regulations. The amendments require listed entities to disclose details of Non-Disclosure Undertakings, other encumbrances, and total pledged shares. The revised format clarifies that underlying outstanding convertible securities include ESOPs and adds a column capturing shares on fully diluted basis. Table II now includes a footnote regarding promoters with nil shareholding. Stock Exchanges must notify listed companies and amend relevant regulations, while Depositories must update their systems accordingly. These modifications to Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 will take effect from the quarter ending June 30, 2025.
SEBI has modified the disclosure requirements for shareholding patterns under Regulation 31 of the Listing Regulations. The amendments require listed entities to disclose details of Non-Disclosure Undertakings, other encumbrances, and total pledged shares. The revised format clarifies that underlying outstanding convertible securities include ESOPs and adds a column capturing shares on fully diluted basis. Table II now includes a footnote regarding promoters with nil shareholding. Stock Exchanges must notify listed companies and amend relevant regulations, while Depositories must update their systems accordingly. These modifications to Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 will take effect from the quarter ending June 30, 2025.
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