Exemptions from 100% promoter(s) holding in demat form
X X X X Extracts X X X X
X X X X Extracts X X X X
....ber 30, 2011 regarding 100% promoter(s) holding in demat form. 2. While reviewing compliance, it is noticed that promoters of a large number of companies have complied with the requirements stated in the above mentioned circulars. SEBI has also received representations from various companies bringing out issues relating to dematerialization of holdings of promoters and have accordingly sought exe....
X X X X Extracts X X X X
X X X X Extracts X X X X
....han 30 days or shares that upon receipt of final listing approval from stock exchange are pending conversion to demat and such pendency is less than 15 days. 4. For availing such exemption under Para 3 (a) to (d) above, companies shall approach Stock Exchange(s) along with necessary documentary evidence. 5. Provisions of SEBI circulars SEBI/Cir/ISD/3/2011 dated June 17, 2011, SEBI/Cir/ISD/05/201....


TaxTMI