SEBI has asked Depositories shall put in place a system for capturing and recording all types of encumbrances, which are specified under Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time. SEBI further clarified that towards this end, depositories will follow processes and other norms similar to that stipulated for the purpose of capturing and recording non-disposal undertakings in depository system.SEBI has asked Depositories shall put in place a system for capturing and recording all types of encumbrances, which are specified under Regulation 28(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time. SEBI further clarified that towards this end, depositories will follow processes and other norms similar to that stipulated for the purpose of capturing and recording non-disposal undertakings in depository system.taxmann.com Latest Statutory HappeningsRead More
