Saturday, October 15, 2011

SEBI EXTENDS 100% DEMAT DEADLINE

The Securities and Exchange Board of India (SEBI) has extended the deadline to convert promoters' holding to demat form to December 31. SEBI said that on review of the promoters' holding in demat form it has been observed that there has been improved compliance to the circular and the companies/promoters have started the process of converting their physical holdings in dematerialized form.

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