A listed company has to inform the outcome of the board meeting to the stock exchanges within 30 minutes of the conclusion of the meeting. List out such items that are to be communicated to the stock exchange.
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · June 2024
A listed company has to inform the outcome of the board meeting to the stock exchanges within 30 minutes of the conclusion of the meeting. List out such items that are to be communicated to the stock exchange.
Answer & Explanation:
Answer 6(a) A listed entity has to disclose the following important items of business to the stock exchanges within 30 minutes of closure of the board meeting: Dividend/cash bonuses recommended or declared or the decision to pass any dividend and the date on which dividend shall be paid/dispatched; Any cancellation of dividend with reasons thereof; Decision on buyback of securities; Decision with respect to fund raising proposed to be undertaken; Increase in capital by issue of bonus shares through capitalization including the date on which such bonus shares shall be credited/dispatched; Reissue of forfeited shares or the issue of shares or securities held in reserve for future issue or the creation in any form or manner of new shares or securities or any other rights, privileges or benefits to subscribe to; Short particulars of any alteration of capital, including calls; Financial results; Decision on voluntary delisting by the listed entity from stock exchange (s). In case of board meetings being held for more than one day, the financial results shall be disclosed within 30 minutes of end of the meeting for the day on which it has been considered.
Topics: Listing Obligations and Disclosure Requirements
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