SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

Addendum to Circular No. CIR/MRD/DP/21/2012 dated August 2, 2012: SEBI had issued a circular in August, 2012 regarding the activation of ISIN in case of additional issue of shares/ securities. In partial modification of Point 3 & 5 of the circular CIR/MRD/DP/21/2012 dated August 02, 2012, SEBI has now vide its circular CIR/MRD/DP/ 24 /2012 dated 11^th September, 2012 replaced the Point 3 & 5 as under:

“3. Further, in order to curtail the transfer of additional issue of shares / securities including by way of further public offerings, rights issue, preferential allotment, bonus issue etc of the listed company, prior to receipt of final listing / trading approval, the depositories shall devise a mechanism so that such new securities created shall be frozen till the time final listing/ trading permission is granted by the exchange.”

“5. The stock exchanges are advised to provide the details to the depositories whenever final listing / trading permission is given to securities. Further, in case of issuance of equity shares by a company, listed on multiple stock exchanges, the concerned stock exchanges shall synchronize their effective dates of listing/trading approvals and intimate the same to depositories in advance.”

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