The Market Regulator, SEBI has come up with consultative paper on re-classification of promoter/ promoter group entities and disclosure of the promoter group entities in the shareholding pattern. As a result, listed entities shall make an application to Stock Exchanges for re-classification of any person as promoter and listed entities shall require to follow the specified procedure not later than 30 days from the date of approval.
from taxmann.com News https://ift.tt/2UV1uhT
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