POLICY FOR COMMENCEMENT / RECOMMENCEMENT OF TRADING OF SECURITIES
As per SEBI circular dated 12th March, 2008 it has been decided that in cases of merger, demerger, amalgamation, capital reduction, scheme of arrangement in terms of the Companies Act and / or as
sanctioned by the Courts, in cases of rehabilitation packages approved by the Board of Industrial and Financial Reconstruction under Sick Industrial Companies Act and in cases of Corporate Debt Restructuring (CDR) packages by the CDR Cell of the RBI, there is no need to have a price band
on the first day of commencement/recommencement of trading (as required under the current policy). The price band may be retained in all other cases on the first day. This policy shall come into force with immediate effect.
sanctioned by the Courts, in cases of rehabilitation packages approved by the Board of Industrial and Financial Reconstruction under Sick Industrial Companies Act and in cases of Corporate Debt Restructuring (CDR) packages by the CDR Cell of the RBI, there is no need to have a price band
on the first day of commencement/recommencement of trading (as required under the current policy). The price band may be retained in all other cases on the first day. This policy shall come into force with immediate effect.
0 comments:
Post a Comment