SEBI modifies Circular on disclosure of significant beneficial ownership in the shareholding pattern

Mar 13, 2019 | by Avantis RegTech Legal Research Team


The Securities and Exchange Board of India (SEBI) on March 12, 2019, has issued a Circular to modify a Circular dated December 07, 2018 with respect to disclosure of significant beneficial ownership in the shareholding pattern of listed entities. The Circular, 2018 was based on Companies (Significant Beneficial Owners) Rules, 2018 issued by Ministry of Corporate Affairs.

The amendments made in this Circular are:

•This Circular is applicable to those listed entities that are reporting companies as per Companies (Significant Beneficial Owners) Rules, 2018.

•The submissions required under this Circular will be according to the requirements mentioned in Companies (Significant Beneficial Owners) Rules, 2018.

•The format specified in the Annexure of this Circular will replace the format specified in the Circular dated December 07, 2018.

This revised Circular will come into effect from the quarter ended June 30, 2019.

[Circular No. SEBI/HO/CFD/CMD1/CIR/P/2019/36]

Click here to download the Circular.


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