In order to bring in uniformity while giving effect to the contract modifications so that they have the desired impact and the modified contract represents a healthy replica of the physical market, the SEBI has decided, in consultation with the Stock Exchanges, to reduce the number of days of advance intimation for all the three categories i.e. Non -material, material and Material modifications which can be made only after approval from SEBI, to 10 days.In order to bring in uniformity while giving effect to the contract modifications so that they have the desired impact and the modified contract represents a healthy replica of the physical market, the SEBI has decided, in consultation with the Stock Exchanges, to reduce the number of days of advance intimation for all the three categories i.e. Non -material, material and Material modifications which can be made only after approval from SEBI, to 10 days.taxmann.com Latest Statutory HappeningsRead More
