Regulation 8A of SEBI (SAST) Regulation 1997stipulates that promoter or members of promoter groups shall inform the company within 7 days of pledging any shares of the company held by them. They shall also inform invocation of the pledge giving full details.
Every calendar quarter by the 7th of the following month (7th Apr, Jul, Oct & Jan) the company is to inform the stock exchanges where its shares are listed the details of earlier pledges and details of new pledges of shares made by prompter / members of promoter group. If there are no new pledges, the earlier existing pledges should be reported with a statement that no pledges of shares were made in the quarter under report.
No comments:
Post a Comment