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TMI BlogAmendments to the Equity Listing AgreementX X X X Extracts X X X X X X X X Extracts X X X X ..... rn of listed entities pursuant to material changes in the capital structure With a view to ensure public dissemination of the shareholding pattern pursuant to capital restructuring in listed entities, it has been decided that in all cases wherein the change in capital structure due to such restructuring exceeds +/- 2% of the paid up share capital of the entities, the listed entities shall file a revised shareholding pattern with the stock exchanges within 10 days from the date of allotment of shares pursuant to such change in the capital structure, as per the format specified in clause 35 of the LA alongwith a footnote on what necessitated the filing of the revised shareholding pattern. The stock exchanges shall upload the same on their websites immediately. (c) Disclosure in respect of Depository Receipts In the case of listed entities which have issued Depository Receipts (DRs) overseas, in order to ensure a holistic and true picture of the promoter/promoter group holding in such entities, it has been decided that details of 'shares held by custodians and against which DRs have been issued' which are presently required to be disclosed in Table (I) (a) of Clause 35 shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (V) Amendment to Clause 21 - Notice Period Consequent to amendment in clause 20 & 22, as above, it has been decided to amend the Clause 21 by removing references to dividend payments. (VI) Insertion of Clause 53 - Disclosures regarding agreements with the media companies In order to ensure public dissemination of details of agreements entered into by corporates with media companies, it has been decided that the listed entities shall disclose details of such agreements on their websites and also notify the stock exchange of the same for public dissemination. (VII) Insertion of Clause 54 - Maintenance of a website In order to ensure/enhance public dissemination of all basic information about the listed entity, it has been decided to mandate that the listed entities maintain a functional website that contains certain basic information about them, duly updated for all statutory filings, including agreements entered into with media companies, if any. 3. The above listing conditions are specified in exercise of the powers conferred under Section 11 read with Section 11A of the Securities and Exchange Board of India Act, 1992. The said listing conditions should form pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llottee whose shares are credited to such Unclaimed Suspense Account. (g) As and when an allottee approaches the issuer company, the issuer company shall, after proper verification, either credit the shares lying in the Unclaimed Suspense Account to the demat account of the allottee to the extent of the allottee's entitlement, or deliver the physical certificates after re-materialising the same, depending on what has been opted for by the allottee. (h) The issuer company shall also disclose the following details in its Annual Report till the time the shares are in the Unclaimed Suspense Account:- (i) Aggregate number of shareholders and the outstanding shares lying in the Unclaimed Suspense Account at the beginning of the year; (ii) Number of shareholders who approached the issuer for transfer of shares from the Unclaimed Suspense Account during the year; (iii) Number of shareholders to whom shares were transferred from the Unclaimed Suspense Account during the year; (iv) Aggregate number of shareholders and the outstanding shares lying in the Unclaimed Suspense Account at the end of the year." 3. In Clause 20, after sub-clause (d), the following proviso shall be insert ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the convertible securities Held by promoter/promoter group Held by public Total Warrants:- No. of Warrants As a % of total no. of warrants As a % of total no. of shares of the company, assuming full conversion of warrants Held by promoter/promoter group Held by public Total Total paid-up capital of the company, assuming full conversion of warrants and convertible securities (iii) Para. (C) of Table (I)(a) may be substituted with the following, namely:- Category code Category of Shareholder No. of sharehol ders Total no. of shares No. of shares held in demat form Total shareholding as a percentage of total no. of shares Shares Pledged or otherwise encumbered As % of (A+B) As % of (A+B+ C) No. of Shares As a % (I) (II) (III) (IV) (V) (VI) (VII) (VIII) (IX) = (VIII) / (IV) * 100 (C) Shares held by custodian and against which Depository Receipts have been issued (1) Promoter and Promoter Group (2) Public (iv) Table (II) (b) may be substituted with the following, viz.,:- Statement showing holding of Depository Receipts (DRs), where underlying shares held by 'promoter/promoter group' are in excess of 1% of the total number of shares Sr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... upon entering into agreements with media companies and/or their associates, the following information:- a. Disclosures regarding the shareholding (if any) of such media companies/associates in the issuer company. b. Any other disclosures related to such agreements, viz., details of nominee of the media companies on the Board of the issuer company, any management control or potential conflict of interest arising out of such agreements, etc. c. Disclosures regarding any other back to back treaties/contracts/agreements/MoUs or similar instruments entered into by the issuer company with media companies and/or their associates for the purpose of advertising, publicity, etc. 54. The issuer company agrees to maintain a functional website containing basic information about the company e.g. details of its business, financial information, shareholding pattern, compliance with corporate governance, contact information of the designated officials of the company who are responsible for assisting and handling investor grievances, details of agreements entered into with the media companies and/or their associates, etc. The issuer company also agrees to ensure that the contents of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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