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February 2011

Amendments to SEBI Equity Listing Agreement — Circular No. CIR/CFD/DIL/10/2010, dated 16-12-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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Part D : company law


Changes relating to Company
Law for the period 15th Dcember, 2010 to 15th January, 2011.

59 Amendments to SEBI Equity
Listing Agreement — Circular No. CIR/CFD/DIL/10/2010, dated 16-12-2010.

SEBI has issued a Circular
amending the Equity Listing Agreement with respect to various continuous
disclosures made by listed entities in relation to the following :

1. Amendments to Clause 35
— Disclosure relating to shareholding pattern

(a) Disclosure of
shareholding pattern prior to listing of securities

(b) Disclosure of
shareholding pattern of listed entities pursuant to material changes in the
capital structure

(c) Disclosure in respect
of depository receipts

2. Amendments to Clause
40A — Minimum public shareholding

3. Amendments to Clause 5A
— Uniform procedure for dealing with unclaimed shares

4. Amendment to Clause 20
& 22 — Corporate announcement

5. Amendment to Clause 21
— Notice period

6. Insertion of Clause 53
— Disclosures regarding agreements with the media companies

7. Insertion of Clause 54
— Maintenance of a website

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