Relating to promotor

Sir what do we mean by re-classification of promoter's holding

Yes. the steps are given in regulation 31A of SEBI LODR 2015.

Answer given by Shubhamm Sir at 13-May-2023 08:05 PM

But sir what are the steps for same....matlab aise kaise unke obligations chodke woh public me involve ho sakte he...there must be some criteria na

Answer given by Disha tupsakhare at 10-May-2023 09:55 AM

promoter(s) seeking re-classification” shall mean all such promoters/persons belonging to the promoter group seeking re-classification of status as public. The promoter carries the burden of extensive disclosures and the risk of being liable for company’s non-compliances/malpractices, the promoter who has lost the control of the company, strives to be excluded from being categorised as “promoter” or “promoter group” and hence be reclassified as “public”.

Answer given by Shubhamm Sir at 01-Dec-2022 09:09 PM