Whether "Deed of family settlement amongst family members " ( also directors of listed public ltd co- majority stake) to be reported to BSE,NSE under SEBI LODR Regulations?
Jayanta Bandyopadhyay 31 December 2024
Whether "Deed of family settlement amongst family members " ( also directors of listed public ltd co- majority stake) to be reported to BSE,NSE under SEBI LODR Regulations?
Anshu Sharma (LAWFINITY SOLUTI 02 January 2025
Under SEBI LODR (Listing Obligations and Disclosure Requirements) Regulations, 2015, any material information or event that could affect the shareholding structure or control of a listed company must be reported to the stock exchanges (BSE, NSE). A "Deed of Family Settlement" among family members who are also directors and majority shareholders of a listed public company could fall under this category if it leads to changes in ownership, control, or management of the company.
It's advisable to evaluate the specific terms of the settlement to determine whether it triggers any disclosure obligations under Regulation 30 of SEBI LODR. In general, any change that affects the governance, control, or voting rights within the company should be disclosed to ensure transparency.
For more detailed guidance, feel free to reach out to me at anshu@lawfinitysolutions.com.
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