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Modification of circular dated December 7, 2018 on Disclosure of significant beneficial ownership in the shareholding pattern

Securities and Exchange Board of India (SEBI) vide its circular dated 12th March, 2019 has modified the circular No. SEBI/HO/CFD/CMD1/CIR/P/2018/0000000149 dated December 7, 2018 with respect to disclosure of significant beneficial ownership in the shareholding pattern of listed entities to give effect to the amendments made by the Ministry of Corporate affairs (MCA) vide the Companies (Significant Beneficial Owners) Rules, 2018 amended on 8th February, 2019.

In view of the amendments to the Rules, the Circular dated December 7, 2018 shall stand modified as follows:-

1.The circular shall be applicable to those listed entities that are reporting companies as per Companies (Significant Beneficial Owners) Rules, 2018.

2. The submissions under this circular shall be in line with the requirements specified under Companies (Significant Beneficial Owners) Rules, 2018, and the revised formats as annexed with new Circular.

3. The circular shall come into force with effect from the quarter ended June 30, 2019.

Please find attached link below for  complete circular:-

1552389249869

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eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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