[Regulation 8A]Takeover disclosure of pledged shares within 7 working days to Company & Stock Exchange
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Amendment) Regulations, 2009
Disclosure of pledged shares is mandated under SEBI Takeover Code.
The terms "promoter" and "promoter group" shall have the same meaning as is assigned to them under Clause 40A of the Listing Agreement.
Transitional Provision
A promoter or every person forming part of the promoter group of any company shall, within 7 working days from 28th January 2009 disclose details of shares of that company pledged by him, if any, TO that company.
Disclosure by Promoter or Promoter Group TO Company
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Promoter or promoter group shall inform details of pledge of shares within 7 working days of creation of pledge on shares TO the Company.
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Promoter or promoter group shall inform details of invocation of pledge of shares within 7 working days of invocation of pledge on shares TO the Company.
Disclosure by Company To Stock Exchanges
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