SEBI revises procedure for tendering and settlement of shares through Stock Exchange

In order to reduce the systematic risk and risks associated with the movement of securities from the demat account of shareholders to Clearing Corporation account and vice-versa, the SEBI has amended the procedure for tendering and settlement of shares through Stock Exchange. The said revised mechanism shall be applicable to all the tender offers for which Public Announcement is made on or after October 15, 2021.In order to reduce the systematic risk and risks associated with the movement of securities from the demat account of shareholders to Clearing Corporation account and vice-versa, the SEBI has amended the procedure for tendering and settlement of shares through Stock Exchange. The said revised mechanism shall be applicable to all the tender offers for which Public Announcement is made on or after October 15, 2021.taxmann.com Latest Statutory HappeningsRead More

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