Bourses ask trading members to disclose holding in listed companies

To ensure more transparency in the capital market, stock exchanges have asked their trading members to disclose their shareholding pattern if they hold one per cent or more stake in any listed company.

Such disclosure norms would be applicable for trading members holding direct as well as indirect stake in any listed entity.

The move will help in increasing transparency as well as providing correct picture of the actual shareholding of a listed company.

In separate circulars, National Stock Exchange, BSE and MCX-SX have asked trading members who are holding one per cent or more of the share capital in any listed company, directly or through their clients, to disclose the same.

The members would have to make 'nil' submissions in case of holdings do not exceed one per cent or more stake.

The members are required to submit the disclosure in the prescribed format to the exchanges from December 2013 quarter onwards on quarterly basis.

"For making the disclosure for the quarter ended December 31, 2013, the last date for submission is March 31, 2014," NSE said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Indian-promoted global corporations must follow accounting best practices

    The international advisory board (IAB) of capital market regulator Securities and Exchange Board of India (Sebi) has suggested that separate governanc

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Cost of education must be controlled

In India, we pay very little attention to the cost ...

Rajgopal Nidamboor

Focus to keep your daily qualms at bay

Philosophers and scientists have, for long, compared the human brain ...

Gautam Gupta

What we can learn from the French fashion scene

It was a pleasure and a treat to experience one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture