Intimation of record date to all stock exchanges-SEBI amends LODR Regulations.
Regulation 42 of the LODR requires a listed entity to intimate the fixing of record date or date of closure of transfer books to the Stock Exchanges. Record date is the date fixed by a listed entity to determine the shareholders of the Company, as on that date, who are eligible to receive the benefits like dividend, bonus shares, rights issue etc. announced by the listed entity. Sub-regulation (1) of Regulation 42 specifies the events for which record date shall be intimated to the Stock Exchanges.
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 5th August, 2020
Securities And Exchange Board of India (Listing Obligations And Disclosure Requirements) (Second Amendment) Regulations, 2020
SEBI/LAD-NRO/GN/2020/25.—In exercise of the powers conferred by section 11, sub-section (2) of section 11A and section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 31 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, namely:-
1. These regulations may be called the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)(Second Amendment) Regulations, 2020.
2. They shall come into force on the date of their publication in the Official Gazette. 3.In the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015,-
I. In regulation 42,-
a. in sub-regulation (1), the words and symbols “to all the stock exchange(s) where it is listed for the following purposes:”, shall be substituted with the words and symbols “for the following events to all the stock exchange(s) where it is listed or where stock derivatives are available on the stock of the listed entity or where listed entity’s stock form part of an index on which derivatives are available:”
b. in sub-regulation (1), the existing clause (e), shall be substituted with the following, namely,-“
(e) corporate actions like mergers, de-mergers, splits, etc;”
AJAY TYAGI, Chairman[ADVT.-III/4/Exty./163/2020-21]
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