The SEBI has issued informal guidance wherein it has been clarified that UT of Jamp;K can transfer the shares to the UT of Ladakh subject to the condition of continuation of lock-in at the hands of the transferee as such transaction is being undertaken pursuant to the terms of notification dated Oct. 30, 2020 issued by Govt. of Jamp;K basis of the Jammu and Kashmir Reorganisation Act, 2019.The SEBI has issued informal guidance wherein it has been clarified that UT of Jamp;K can transfer the shares to the UT of Ladakh subject to the condition of continuation of lock-in at the hands of the transferee as such transaction is being undertaken pursuant to the terms of notification dated Oct. 30, 2020 issued by Govt. of Jamp;K basis of the Jammu and Kashmir Reorganisation Act, 2019.taxmann.com Latest Statutory HappeningsRead More
