| Notification Detail :
CIR/MRD/DP/ 24 /2012 September 11, 2012
To,
The Depositories,
The Stock Exchanges
Dear Sir,
Sub: Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 on
activation of ISIN in case of additional issue of shares/ securities
1. Please refer to SEBI circular CIR/MRD/DP/21/2012 dated August 02, 2012 on
activation of ISIN in case of additional issue of shares/ securities.
2. In partial modification, the earlier point 3 and 5 of the aforesaid circular shall be
replaced as under -
"3. Further, in order to curtail the transfer of additional issue of shares / securities
including by way of further public offerings, rights issue, preferential allotment,
bonus issue etc of the listed company, prior to receipt of final listing / trading
approval, the depositories shall devise a mechanism so that such new securities
created shall be frozen till the time final listing/ trading permission is granted by
the exchange."
“5. The stock exchanges are advised to provide the details to the depositories
whenever final listing / trading permission is given to securities. Further, in case
of issuance of equity shares by a company, listed on multiple stock exchanges,
the concerned stock exchanges shall synchronize their effective dates of listing /
trading approvals and intimate the same to depositories in advance."
3. The Depositories are advised to:-
a) make amendments to the relevant bye-laws, rules and regulations for the
implementation of the above decision immediately, as may be
applicable/necessary;
b) bring the provisions of this circular to the notice of their DPs and also to
disseminate the same on their website.
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Securities and Exchange Board of India
4. This circular is being issued in exercise of the powers conferred by Section 11 (1)
of Securities and Exchange Board of India Act, 1992 and section 19 of the
Depositories Act, 1996 to protect the interest of investors in securities and to
promote the development of, and to regulate, the securities market.
Maninder Cheema
Deputy General Manager
022-26449754
maninderc@sebi.gov.in
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