Exemptions from 100% promoter(s) holding in demat form

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..... SEBI/Cir/ISD/05/2011 dated September 30, 2011 regarding 100% promoter(s) holding in demat form. 2. While reviewing compliance, it is noticed that promoters of a large number of companies have complied with the requirements stated in the above mentioned circulars. SEBI has also received representations from various companies bringing out issues relating to dematerialization of holdings of promot .....

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..... stock exchange and such pendency is less than 30 days or shares that upon receipt of final listing approval from stock exchange are pending conversion to demat and such pendency is less than 15 days. 4. For availing such exemption under Para 3 (a) to (d) above, companies shall approach Stock Exchange(s) along with necessary documentary evidence. 5. Provisions of SEBI circulars SEBI/Cir/ISD/3 .....

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..... the interests of investors in securities and to promote the development of, and to regulate the securities market as well as to regulate the business in stock exchanges. 8. This circular is available on SEBI website at www.sebi.gov.in Yours faithfully, Avarjeet Singh Deputy General Manager Integrated Surveillance Department 022-26449262 [email protected] .....

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