DCS/COMP/ 14 /2013-14 February 03, 2014
Dear Sir/Madam,
Sub: Trading Window Disclosures by Companies
As per Regulation 12(1) of the SEBI (Prohibition of Insider Trading) Regulations, 1992, all listed companies and organizations associated with the securities market are mandated to frame a code of internal procedures and conduct as near thereto the Model Code specified in Schedule I of these Regulations without diluting it in any manner and ensure compliance of the same.
Further, para 3.2 of Schedule I – “Part A: Model Code of conduct for prevention of Insider Trading for Listed companies”, prescribes conditions applicable to Trading Window.
Companies are required to take note of the aforesaid requirement of SEBI (Prohibition of Insider Trading) Regulations, 1992 and advised to disclose to the Exchange the applicable trading window period, along with any price sensitive information and ensure compliance with the same.
Thank you.
Yours faithfully,
Netra Sahani Jeevan Noronha
AGM – Listing Compliance Manager – Listing Compliance |