Enabling T+2 trading of Bonus shares where T is the record date

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....ered Registrar & Share Transfer Agents Dear Sir/Madam, Sub: Enabling T+2 trading of Bonus shares where T is the record date 1. As a part of the continuing endeavor to streamline the process of Bonus issue of equity shares, in consultation with the market participants, it has been decided to reduce the time taken for credit of bonus shares and trading of such shares, from the record date o....

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....ge(s) shall issue notification accepting the record date and notifying the number of shares considered in the bonus issue. The notification shall include the deemed date of allotment (T+1 day). (iv) After issuance of notification issued by the Stock Exchange for acceptance of record date, the Issuers shall ensure submission of the requisite documents to Depositories for credit of bonus sh....

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....be permitted in case of bonus issue of equity shares. 3. The Exchange(s) and Depositories are advised to make amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision, as may be applicable. 4. This circular shall be applicable for all bonus issues announced on or after October 01, 2024. Any delay in compliance with the timelines as mentioned abo....