Sneha (Company Secretary) 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 ?
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P C Agrawal (Vice President (Corporate)) 13 November 2014
You may refer attached article on Section 93.