TaxTMI 
TaxTMI 
Amendments to the Equity Listing Agreement
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....ity Listing Agreement. Accordingly, this circular is issued, in exercise of powers conferred by sub-section (1) of Section 11 of the Securities and Exchange Board of India Act, 1992, to protect the interest of investors in securities and to promote the development of, and to regulate the securities market. 2. The full text of amendments is given at Annexure A and the brief of the amendments are as under: (A) Uniform procedure for dealing with unclaimed shares - Insertion of clause 5A It has been brought to the notice of the Board that there is a large quantum of shares issued pursuant to the public issues, which remain unclaimed despite the best efforts of the Registrar to Issue or Issuers and that there is no uniform practice for ....
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....for all scripts whether in demat or physical, whether in F&O segment or not. The notice period for record date has been reduced to 7 working days and for board meeting has been reduced to 2 working days. (C) Uniformity in dividend declaration - Insertion of clause 20A It has been decided to mandate that listed companies shall declare their dividend on per share basis only. This is expected to bring uniformity in the manner of declaring dividend amongst the listed companies. (D) Shareholding pattern for each class of shares and voting rights pattern - Amendment to clause 35 It is clarified that clause 35 of the listing agreement which gives a format for disclosures of shareholding pattern, is required to be given for each class o....
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....or this purpose. (b) Any corporate benefits in terms of securities accruing on such shares viz. bonus shares, split etc., shall also be credited to such demat suspense account. (c) The issuer shall maintain details of shareholding of each individual allottee whose shares are credited to such suspense account. (d) As and when the allottee approaches the issuer, the issuer shall credit the shares lying in the suspense account to the demat account of the allottee to the extent of the allottee's entitlement after proper verification of the identity of the allottee. (e) The suspense account shall be held by the issuer purely on behalf of the allottees who are entitled for the shares and the shares held in such....
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....rities which are announced by Securities and Exchange Board of India from time to time to be compulsorily delivered in dematerialised form by all investors" appearing after "other recognized stock exchanges in India" and before "The issuer further agrees" shall be deleted; (d) The proviso "Provided that for the purpose of issue of right ..........other recognized Stock Exchange as well." shall be deleted ; (e) In last paragraph, the words "30 days" appearing after the words "a notice period of" and before the words "to the Exchanges for" shall be substituted by "atleast 7 working days". 3. In clause 19: (a) In sub-clause (a): (i) the words "at least 7 days" appearing after the words "issuer will notify....
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....de Category of shareholder Number of Voting Rights held in each class of securities Total Voting Rights (III+IV+V) Total Voting rights i.e. (VI) Class X Class Y Class Z As a percentage of (A+B) As a percentage of (A+B+C) (I) (II) (III) (IV) (V) (VI) (VII) (VIII) (A) Promoter and Promoter Group (1) Indian (a) Individuals/ Hindu Undivided Family (b) Central Government/ State Government(s) (c) Bodie....
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....; (d) Venture Capital Funds (e) Insurance Companies (f) Foreign Institutional Investors (g) Foreign Venture Capital Investors (h) Any Other (specify) Sub-Total (B)(1) (2) Non-institutions (a) Bodies Corporate &nb....