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| NOTICES |
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| Notice No. |
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20220808-7 |
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Notice Date |
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08 Aug 2022 |
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| Category |
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Circulars Listed Companies |
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Segment |
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Equity |
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| Subject |
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Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level |
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| Attachments |
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Framework for restricting trading by DPs.pdf ; |
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| Content |
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Dear Sir\Madam
The Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dated August 5, 2022, regarding Trading Window closure period under Clause 4 of Schedule B read with Regulation 9 of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level.
the provisions of this circular shall be applicable to declaration of financial results of the listed company that is or was part of benchmark indices i.e., NIFTY 50 and SENSEX from the date of implementation of this circular. Further, to begin with, the restriction on trading shall be for on-market transactions, off-market transfers and creation of pledge in equity shares and equity derivatives contracts (i.e., Futures and Options) of such listed companies.
This circular shall come into force with effect from the quarter ending September 30, 2022.
The aforesaid circular is attached for reference.
All Listed companies are requested to take note and comply accordingly.
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Ashok kumar Singh
DGM-Listing Compliance
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Shyam Bhagirath
Manager-Listing Compliance
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August 8, 2022 |
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