Description

User manual for submission of change in shareholding pattern requests by corporates, financial institutions, and banks via the IEFS portal at BSE.

Summary

BSE has provided a detailed user manual for corporates, financial institutions, and banks to submit change in shareholding pattern applications through the IEFS (Issuer Electronic Filing System) portal. The manual outlines the step-by-step process for logging in, entering present and proposed shareholding details, director information, declarations, undertakings, politically exposed person details, and networth information.

Key Points

  • IEFS portal URL: https://iefs.bseindia.in
  • Member code and login ID is the clearing code of the member
  • First-time users must reset their password using the ‘Forget Password’ option
  • Application process includes multiple tabs: Present Shareholding Pattern, Proposed Shareholding Pattern, Present Director Details, Declaration, Undertaking, Details of Politically Exposed Person, Networth Details, and Documents
  • All mandatory fields must be completed in each section
  • Users can add multiple promoter and non-promoter entries
  • Director details must include information about their involvement in other businesses or entities
  • Declaration and undertaking checkboxes must be selected
  • Politically exposed person status must be declared

Regulatory Changes

No new regulatory changes introduced. This is a procedural guide for using the existing IEFS platform for shareholding pattern change submissions.

Compliance Requirements

  • Corporates, financial institutions, and banks must use the IEFS portal for submitting change in shareholding pattern applications
  • Complete all mandatory fields across all sections: shareholding patterns (present and proposed), director details, declarations, undertakings, politically exposed person details, and networth information
  • Provide accurate information about directors who are promoters, partners, or directors in other entities
  • Submit required documents through the document upload section
  • Ensure all declarations and undertakings are acknowledged by selecting mandatory checkboxes

Important Dates

No specific dates or deadlines mentioned. This is a procedural manual for ongoing use.

Impact Assessment

This circular provides operational guidance for member entities to streamline the process of submitting shareholding pattern changes. The online platform aims to improve efficiency and transparency in handling such applications. The impact is primarily procedural, affecting corporates, financial institutions, and banks that need to update their shareholding patterns with BSE. No direct market or trading impact.

Impact Justification

Procedural update for member entities to submit shareholding pattern changes through IEFS portal. Important for compliance processes but does not affect trading or market operations directly.