………………………….
BSE Notice No.: 20240703-8
Notification Date: 3rd July 2024
Relevant Notification:
SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/82 dated June 14, 2024
Relevant Section / Rule: Para 5
SEBI has issued circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/82 dated June 14, 2024, regarding modification in Framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism.
Paragraph 5 of SEBI Circular dated January 23, 2024, prescribed the procedure for offering of shares to the employees in OFS through stock exchanges. BSE has notified that employees shall place bids on T+1 day at the cut-off price of T Day. Accordingly, paragraph 5(vi) of SEBI Circular dated January 23, 2024, has been modified. All other provisions of the aforesaid circulars shall remain unchanged.
The provisions of this circular shall come into effect from 30th day of issuance of this circular viz. 01.08.24
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.