Disclosure of encumbered shares

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..... concert with him in such form as may be specified. 2 [ Provided that the aforesaid disclosure requirement shall not be applicable where such encumbrance is undertaken in a depository] (2) The promoter of every target company shall disclose details of any invocation of such encumbrance or release of such encumbrance of shares in such form as may be specified. 3 [Provided that the afo .....

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..... of each financial year to (a) every stock exchange where the shares of the target company are listed; and (b) the audit committee of the target company. ] ******** Notes 1. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/27 dated 29-07-2019 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/46. Dated 13-08-2021 w.e.f. 01-04-2022 3. Inserted vide Notifi .....

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