Section 93 of companies act 2013

Sneha (Company Secretary) (1594 Points)

11 November 2014  

Section 93 requires every listed company to file a return with respect to change change relating to either increase or decrease of two percent, or more in the shareholding position of promoters and top ten shareholders.

 

1) Does this mean return is required to be filed when their is 2% or more change in their respective holding ?

 

2) Whether calculation of change of holding will be on cumulative basis ?