TaxTMI 
TaxTMI 
Amendments to the Equity Listing Agreement
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....pdated shareholding pattern. The stock exchanges shall upload the same on their websites before commencement of trading in the said securities. (b) Disclosure of shareholding pattern of listed entities pursuant to material changes in the capital structure With a view to ensure public dissemination of the shareholding pattern pursuant to capital restructuring in listed entities, it has been decided that in all cases wherein the change in capital structure due to such restructuring exceeds +/- 2% of the paid up share capital of the entities, the listed entities shall file a revised shareholding pattern with the stock exchanges within 10 days from the date of allotment of shares pursuant to such change in the capital structure, as per the format specified in clause 35 of the LA alongwith&nb....
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....ctus; or (c) sale of shares held by promoters through the secondary market. For adopting methods as specified at point (c) the company agrees to take prior approval of the Specified Stock Exchange, which may impose such conditions as it may deem fit. (III) Amendments to Clause 5A - Uniform procedure for dealing with unclaimed shares While the existing clause 5A in the equity listing agreement addresses and resolves the practical difficulties of companies which have issued shares in electronic mode; it does not address the difficulties faced by companies which had in the past issued shares in physical mode. These share certificates may have remained unclaimed by the shareholders due to insufficient/incorrect information or for any other reason. Thus it has been decide....
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....p; exchange. A text of amendments in the Listing Agreement is enclosed as Annexure. 4. Applicability a. The provisions of para (2)(I)(a), 2(I)(b) and (2)(I)(c) above, (2)(II), (2) (III) and 2 (VI) shall be applicable with immediate effect. b. The provisions of para (2) (IV) and (2) (V) shall be applicable for all board / shareholders' meetings convened for this purpose on or after January 01, 2011. c. The provisions of para (2) (VII) above shall be applicable with effect from April 01, 2011. 5. All stock exchanges are advised to ensure compliance with this circular and carry out the amendments in their Listing Agreement as per the Annexure to this circular. 6. This circular is available on SEBI website at www.sebi.gov.in under the categories "Legal Framework" and "Issues and Listing". Yours faithfully, Suni....
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....ottee's entitlement, or deliver the physical certificates after re-materialising the same, depending on what has been opted for by the allottee. (h) The issuer company shall also disclose the following details in its Annual Report till the time the shares are in the Unclaimed Suspense Account:- (i) Aggregate number of shareholders and the outstanding shares lying in the Unclaimed Suspense Account at the beginning of the year; (ii) Number of shareholders who approached the issuer for transfer of shares from the Unclaimed Suspense Account during the year; (iii) Number of shareholders to whom shares were transferred from the Unclaimed Suspense Account during the year; (iv) Aggregate number of shareholders and the outstanding shares lying in the Unclaimed Suspense Account at the end of the year." 3. In Clause 20, after sub-clause (d), the following proviso shall be inserted:- "Provided that an intimation made to stock exchanges under s....
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....the following:- Name of the Company: Scrip Code, Name of the scrip, class of security: Quarter ended: Partly paid-up shares:- No. of partly paid-up shares As a % of total no. of partly paid-up shares As a % of total no. of shares of the company Held by promoter/promoter group Held by public Total Outstanding convertible securities:- No. of outstanding securities As a % of total no. of outstanding convertible securities As a % of total no. of shares of the company, assuming full conversion of the convertible securities Held by promoter/promoter group Held by public Total Warrants:- No. of Warrants As a&nbs....
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.... TOTAL 8. Clause 40A shall be substituted with the following, namely:- "40A. (i) The issuer company agrees to comply with the requirements specified in Rule 19(2) and Rule 19A of the Securities Contracts (Regulation) Rules, 1957. (ii) Where the issuer company is required to achieve the minimum level of public shareholding specified in Rule 19(2)(b) and/or Rule 19A of the Securities Contracts (Regulation) Rules, 1957, it shall adopt any of the following methods to raise the public shareholding to the required level:- (a) issuance of shares to public through prospectus; or (b) offer for sale of shares held by promoters to public through prospectus; or (c) sale of shares held by promoters through the secondary market. Provided that for the purpose of adopting the method specified at ....