BSE launches portal for registrars, share transfer agents to file disclosures
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Mumbai: Bombay Stock Exchange Ltd on Friday today launched a web-based portal for registrars and share transfer agents (RTAs) to enable depositories as well as file disclosures.
The move follows the Securities and Exchange Board of India’s (Sebi) decision to initiate a system involving stock exchanges, depositories and RTAs for generating system-based disclosures required under takeover regulations and insider trading norms.
The disclosures are related to acquisition and disposal of shares by promoters and promoter group and pledge of equity shares by them.
“Today, the exchange launched the web-based RTA portal for system driven disclosures for depositories and registrars and share transfer agents,” BSE said in a statement. “We are sure that this facility launched by BSE at the initiative of Sebi will result in more accurate, speedier and higher levels of disclosure, in the interests of investors,” it added.
RTAs would be able to upload files through the portal. In the initial phase, disclosures for promoter shareholders would be generated by the RTAs, based on the change in holdings of these shareholders, and the same would be submitted to the exchanges for dissemination on their website.
These disclosures would be disseminated on its website separately for easy viewing by investors. “The portal is user-friendly while being equipped with appropriate security features,” the statement said.
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