SEBI (SAST) Regulation

Vinay B L (Company Secretary) (140 Points)

28 January 2011  

Dear Members,


There are two companies namely 'Company A' (Unlisted closely held public company)  and 'Company B' (Listed in BSE) . 'Company A'  is one of the promoters of 'Company B'. 

Company B's (Listed Company) paid up capital is 13,80,00,000 The promoter company (Company A) sold 10,000 shares of 'Company B' .

Now my question is, 

  1. Is there any disclosure requirement to the stock exchange?
  2. If so under what regulation.
Kindly express your views.

Thanks and Regards
VINAY B L