Sebi annual disclousers.
This query is : Resolved
CS KINJAL SANGANI
(Querist)
08 April 2013
Please guide me for the Annual Disclosers:
As per SEBI Regulations, 1997, the annual disclosers are to made under the regulations 6(1) &(2) and 8(2) for a persons or a promoters having a stake more than 5%.
But according to the new regulations of SEBI, 2011 the annual disclosers are to be made under the Regulations 30, for a persons or a promoters holding more then 25% of a stake.
Hence please let me known for in which we should make a annual disclosers for a promoters or persons holding more then 5% or 20%, or is it possible for us to give the disclosers according to a old regulations i.e. 6 and 8.
As per SEBI Regulations, 1997, the annual disclosers are to made under the regulations 6(1) &(2) and 8(2) for a persons or a promoters having a stake more than 5%.
But according to the new regulations of SEBI, 2011 the annual disclosers are to be made under the Regulations 30, for a persons or a promoters holding more then 25% of a stake.
Hence please let me known for in which we should make a annual disclosers for a promoters or persons holding more then 5% or 20%, or is it possible for us to give the disclosers according to a old regulations i.e. 6 and 8.
Ajay Mishra
(Expert)
08 April 2013
Disclosure under Regulation 30(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is required to be given in a format available on NSE and BSE.
Annual disclosure is required to be given within 7 days from the end of March 31 every year.
Annual Disclosure is covered under Regulation 30(2) not in Regulation 30(1) of the said Regulation.
Old Regulation 1997 is not applicable as on date.
Disclosure under Regulation 30(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is required to be given in a format available on NSE and BSE.
Annual disclosure is required to be given within 7 days from the end of March 31 every year.
Annual Disclosure is covered under Regulation 30(2) not in Regulation 30(1) of the said Regulation.
Old Regulation 1997 is not applicable as on date.
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