NSE CLARIFICATION ON FIXING THE RECORD DATE UNDER REGULATION 42 OF SEBI LODR
R.V. SEKAR
![R.V. SEKAR]()
R.V. SEKAR
COMPLIANCE EXPERT , LODR SPECIALIST ,CONTRIBUTOR IN FEMA , INSOLVENCY LAWS AND CORPORATE LAWS
GAP BETWEEN BORD/SHAREHOLDER APPROVAL AND RECORD DATE
MINIMUM GAP BETWEEN BOARD’S APPROVAL AND? RECORD DATE
It is clarified that listed companies shall ensure a minimum gap of at least 3 working days between the date of board / Shareholder approval, as applicable to the specific corporate action mentioned in Regulation42 (1), and the Record date fixed for such purpose.
FOR INSTANCE , IN CASE OF DECLARATION OF DIVIDEND,BOARD’S APPROVAL IS GIVEN ON 8th February ,2025 ,RECORD DATE SHALL BE 9th or 10th or 11th February 2025
The above mentioned minimum gap shall be exclusive of the date of the board/shareholder’s approval and the actual Record date
NO NEED TO DISCLOSE DATE OF CLOSURE OF TRANSFER BOOKS
Further, as per latest amendment, sub-regulation 5 of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 has been omitted.
Hence the listed entities are not required to announce dates of closure of their transfer books for any purpose.
Qualified CS (Company Secretary) & M.B.A. Professional courses with have 15 years of work experience in Company Secretarial, Accounting and Taxation fields.
1 个月Pls explain the example dates for this explanation sir. Then only everybody understands clearly.