LIST/COMP/12/2018-19 June 14, 2018
Dear Sir / Madam,
Subject: Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018
Securities and Exchange Board of India (SEBI) has notified amendments to the Listing Obligations and Disclosure Requirements) Regulations, 2015 on June 08, 2018 which will come into force on the one hundred and eightieth day from the date of its publication in the Official Gazette.
The amendments are with respect to Regulation 7 and Regulation 40 of the aforesaid regulations which are reproduced below :
(i) in regulation 7, in sub-regulation (2), the words “both physical and electronic” shall be omitted.
(ii) in regulation 40, in sub-regulation (1), -
a. the symbol “.” shall be substituted with the symbol “:”;
b. the following proviso shall be inserted, namely, -
“Provided that, except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in the dematerialized form with a depository.”
(iii) in Schedule VII, in clause A, sub-clause (2) shall be omitted.
The amendment is also appended for reference.
Listed Companies are required to take note of the said amendment and comply accordingly.
Netra Sahani Abhijit Pai
Dy. Gen. Manager Dy. Gen. Manager
Listing Compliance Listing Compliance |