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Mr. Singh, a promoter of Delta Ltd., pledges 8% of his shares to a Non-Banking Financial Company on August 1st to secure a loan. On November 10th, due to a severe margin shortfall, the NBFC invokes the pledge on half of those shares. According to Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, what are Mr. Singh's specific disclosure obligations regarding these events?
Disclose only the creation and not invocation within two working days
Disclose both the creation and invocation within seven working days
Disclose only the invocation and not creation within two working days
Disclose both the creation and invocation within three working days
Disclose both the creation and invocation within seven working days
Practice and solve "Mr. Singh, a promoter of Delta Ltd., pledges 8% of his shares to a Non-Banking Financial Company on ..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: Disclose both the creation and invocation within seven working days. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Mr. Singh, a promoter of Delta Ltd., pledges 8% of his shares to a Non-Banking Financial Company on ..." for Part 5 Domain Knowledge - CIL MT Company Secretary 2026. The correct answer is Option B: Disclose both the creation and invocation within seven working days. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
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