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08 Aug 2017, 12:00 AM
SEBI directions with respect to listed Shell Companies
W.e.f today these stocks will be placed under the stage VI of GSM framework. Trading in these identified securities will be permitted only once a month under trade to trade category. Further, any upward price movement in these securities shall not be permitted beyond the last traded price and additional surveillance deposit of 200% of trade value shall be collected from the buyers which shall be retained with Exchanges for a period of five months.
Refer this circular for more details and the annexures for list of securities: http://bit.ly/gsmcircular