Enabling T+2 trading of Bonus shares where T is the record date

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..... of the continuing endeavor to streamline the process of Bonus issue of equity shares, in consultation with the market participants, it has been decided to reduce the time taken for credit of bonus shares and trading of such shares, from the record date of the Bonus Issue under SEBI (ICDR) Regulations, 2018. 2. The operational procedure to implement the above is as given below: (i) The Issuer prop .....

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..... allotment (T+1 day). (iv) After issuance of notification issued by the Stock Exchange for acceptance of record date, the Issuers shall ensure submission of the requisite documents to Depositories for credit of bonus shares in the depository system latest by 12 P.M. of next working day of the record date (i.e. T+1 day). (v) The Issuer shall ensure upload of the distinctive number (DN) ranges in the .....

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..... sion, as may be applicable. 4. This circular shall be applicable for all bonus issues announced on or after October 01, 2024. Any delay in compliance with the timelines as mentioned above will attract penalties as determined under point 4.1 of SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2019/94 dated August 19, 2019 on Non-compliance with certain provisions of SEBI ICDR Regulations . 5. This circular is .....

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