Amendments to Clause 16 of the Equity Listing Agreement – Requirement of Notice Period

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....k Exchanges. Dear Sir / Madam, Sub: Amendments to Clause 16 of the Equity Listing Agreement - Requirement of Notice Period 1. Please refer to the earlier circular of ref. no. SEBI/CFD/DIL/SE/43/2003 dated November 20, 2003, wherein it was provided that listed companies have to give prior intimation of 15 calendar days in case of demat scrips and to 21 calendar days in case of physical scr....

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....fficulties experienced in case of corporate action in stocks on which derivatives are available or stocks which form a part of an index on which derivatives are available, the Committee recommended that the said Clause of Equity Listing Agreement be amended for extension of notice period only for the limited purpose of adjustment of corporate actions like mergers, de-mergers, splits, bonus shares ....