The National Stock Exchange (NSE) on July 12, 2024, notified regarding the revised operating guidelines of offer for sale.
The following has been stated namely: -
• It is in reference to circular no. NSE/CMTR/60811 dated February 21, 2024, regarding revised Offer for Sale operating guidelines, and SEBI vide circular no. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/82 dated June 14, 2024, has provided a modified framework for the Offer for Sale of shares to Employees through the Stock Exchange Mechanism.
• It states that members shall abide by the revised operating guidelines and terms & conditions of Annexure A - Comprehensive scheme governing offer for sale of shares through the Stock Exchange Mechanism (Revised operating guidelines and terms & conditions) or any other circular(s) issued from time to time regarding OFS by NSEIL and such other requirements as prescribed by SEBI, or any other regulatory authority.
Kindly refer to the attached document for annexures A, I, II, III, IV, and V mentioned in the notification.
[Circular no. - NSE/CMTR/62927]
