SEBI reduces bonus shares allotment time to T+2 effective October 1: Know its benefits and other details

In a significant move aimed at streamlining the process of crediting and trading bonus shares, the Securities and Exchange Board of India (SEBI) has introduced new guidelines. Starting October 1, investors will be able to trade bonus shares just two days after the record date, significantly reducing the waiting period. Currently, under the Issue of Capital and Disclosure Requirements(ICDR) regulations, there are broad timelines in place for the execution of bonus issues.