19 December 2012
Hello Can anyone please tell me the percentage of shares transfer/purchase over and above which , one need to inform SEBI /or ROC for such transfer. Please help me with the required procedure also. Regards
Please read Chapter V (Disclosures of shareholding and Control) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
and
Also read Regulation 13 of Securities and Exchange Board of India [Prohibition of] Insider Trading) Regulations, 1992.