SEBI (Securities and Exchange Board of India) issued a circular on February 3, 2023, which supersedes all earlier circulars issued by SEBI, specifying methods of achieving minimum public shareholding. The circular rationalized certain existing methods for a listed entity to achieve minimum public shareholding and introduced two additional modes for a listed company to comply…
On receiving notification from the concerned recognized stock exchange, the depositories shall freeze or unfreeze the promoter’s entire shareholding in such non-compliant listed entity and all other securities held in their demat account to ensure effective enforcement of the Listing Regulations. If a non-compliant entity is listed on multiple recognized stock exchanges, the concerned exchanges shall…