Reporting format under Regulation 11 of Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006
Summary
This circular mandates recognized stock exchanges to submit quarterly shareholding reports using a standardized format prescribed in Annexure A. The reporting obligation arises under Regulation 11 of the MIMPS Regulations, 2006, and must be completed within fifteen days from the end of each quarter. Stock exchanges are further directed to report the implementation status of this circular in their Monthly or Quarterly Development Reports.
Text
Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 hereinafter referred as ‘MIMPS Regulations’ were notified on November 13, 2006 and came into force from the date of publication.
Regulation 11 of MIMPS Regulations inter alia prescribes certain obligations on the recognised stock exchanges pertaining to their shareholding including submission of a report to SEBI within 15 days from the end of each quarter.
The stock exchanges are therefore advised to ensure the submission of the report under MIMPS Regulations on a quarterly basis within the aforesaid prescribed time period, as per the format given at Annexure-A.
The stock exchanges are directed to communicate to SEBI, the status of the implementation of the provisions of this circular in their Monthly / Quarterly Development Report.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Section 12A of Securities Contracts (Regulation) Act, 1956, to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
The Managing Director / Executive Director of the recognised stock exchange shall submit an undertaking confirming the compliance of the provisions Regulation 11(1) of Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 to SEBI on a quarterly basis within fifteen days from the end of each quarter.
Source: SecMarx — Reporting format under Regulation 11 of Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.