DISCLOSE SHAREHOLDING PATTERN AHEAD OF LISTING : SEBI
- Public Details Of Shareholding
A company after a public issue, will have to make public details of its shareholding a day prior to its listing. It also said that the stock exchanges should upload the same on their web sites before the share of the company are listed.
- Filing of shareholding pattern
Any listed companies whose capital restructuring makes a change of more than two per cent to its paid-up share capital, will have to file its revised shareholding with the stock exchanges within ten days from the date of allotment of the shares that constituted the restructuring.
- Maintaining of Web Site
It added that all listed companies should maintain a "functional Web site" with all relevant updated
information as prescribed.
- Media relation
The stock markets regulator has also mandated that those corp orates which have agreements with media companies have to disclose such details on their Web sites and also to the stock exchanges.
- Announcement of Date For Dividend
The companies will now have a pre-announced fixed pay date for payment of dividends and for the credit of bonus shares.
- Uniform Procedure For Dealing With Unclaimed Shares
SEBI has mandated uniform procedure for dealing with unclaimed shares (both demat and in physical form). If there is no response to three reminders by a registrar regarding unclaimed shares, the shares shall go into the Unclaimed Suspense account. The issuer company shall dematerialize the shares held in this account with one of the depository participants. All benefits accruing on such shares shall be credited to this account. The voting rights will remain frozen till the rightful owner claims the shares.