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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE - Clarification on fixing the record date under Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

07-Feb-2025 | NSE/CML/2025/04

NSE has issued a circular regarding the Clarification on fixing the record date under Regulation 42 of SEBI (LODR) Regulations, 2015, effective from 7th February 2025.

By virtue of this circular, clarification is provided regarding the recent Amendment in Regulation 42 of the SEBI(LODR) Regulations, 2015 vide notification No. SEBI/LAD-NRO/GN/2024/218, that the minimum gap of at least 3 days is mandatory between the date of board/shareholder's approval and the Record Date fixed for the specific corporate action mentioned in Regulation 42 (1) and the gap shall be exclusive of the date of board/shareholder's approval and the actual record date.

Further, with regards to the omission of Regulation 42(5), it is clarified that the listed entities are not required to announce dates of Closure of their Transfer Books (Book Closure) for any purpose.

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CDSL- Reiteration of SEBI Circular on Norms for sharing and usage of price data for educational purposes

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