Insights
SEBI extends timeline for shareholder disclosures under takeover regulations
March 27, 2020SEBI has extended the due date of filing disclosures in terms of Regulations 30(1), 30(2) and 31(4) of the SAST Regulations for the financial year ending March 31, 2020, to June 01, 2020, in view of the developments arising due to the spread of the COVID-19 pandemic. The aforesaid regulations require the shareholders to compile, collate, and disseminate information of their consolidated shareholding as on March 31, 2020, to the company and the stock exchanges within seven working days from the end of the financial year.
To refer to the circular dated 27 March 2020, click here.
