BSE notified regarding the Measure in respect of companies with high Promoter as well as non-Promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011

Jan 10, 2024 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe Bombay Stock Exchange (BSE) on January 08, 2024, issued a notification regarding the Measure in respect of companies with high Promoter as well as non-promoter ‘Encumbrance’ as per Reg. 28(3) of SEBI (SAST) Regulation 2011.

The following has been stated:

• The securities as given in Annexure I, have satisfied the criteria for inclusion under the aforesaid Measure and shall attract a minimum 75 % margin in Equity and Equity Derivatives segment w.e.f. January 11, 2024, on all open positions as of January 10, 2024, and new positions created from January 11, 2024.

• The Securities as given in Annexure II, are eligible to move out from the said framework effective from January 09, 2024.

• A consolidated list of securities under the framework is given in Annexure III.

Kindly find the Annexures provided with this document attached to the document.

[Notice No 20240108-38]


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