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Depositories have been asked to create and maintain database of distinctive numbers (DN) of equity shares of listed companies to ensure a centralised record.
The DN database should capture information on issued capital, such as DN range, number of equity shares issued, name of stock exchange where the shares are listed and shares held in physical or demat form, among others.
Depositories have to provide an interface to the stock exchanges, issuers, registrar and transfer agents (RTAs) for online updation. The interface would be released for live updates by September 30, SEBI said.
Depositories have to coordinate with the stock exchanges, issuers/RTAs, to facilitate the process of populating the database with details of equity share capital and the corresponding DN information as on September 30.
For companies where the final trading approval or dealing permission is awaited, the stock exchange would be responsible for validating the DN information. The same would be applicable for further public offers, buy-back of shares, forfeiture of shares and capital reduction.
Failure to capture and update DN information on a continuous basis by issuers and RTAs would attract appropriate action, said SEBI.
Exchanges and depositories have to amend bylaws, inform listed companies, disseminate the information on the website besides communicating implementation status to SEBI.
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