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| NOTICES |
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| Notice No. |
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20240130-6 |
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Notice Date |
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30 Jan 2024 |
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| Category |
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Circulars Listed Companies |
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Segment |
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General |
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| Subject |
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SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level |
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| Attachments |
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SEBI Circular_Jul23.pdf ; |
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| Content |
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Dear Sir/Madam,
This is in furtherance to the Exchange notice no: 20220808-7 dated August 8, 2022; 20230628-23 dated June 28, 2023; 20230731-15 dated July 31, 2023; 20231117-47 dated November 17, 2023 and 20231124-39 dated November 24, 2023 and in accordance with Securities and Exchange Board of India (SEBI) circular no. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dated August 5, 2022 and SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124 dated July 19, 2023, 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.
1. In accordance with the SEBI circular, the outlined framework for restricting trading by designated persons through freezing PAN at the security level will also be applicable to the remaining equity listed companies on BSE, NSE and MSEI.
2.Companies that qualify must include all equity ISIN and ISINs that are convertible into equity.
3.Listed entities are required to designate one of the depositories as its designated depository and provide the information including PAN of Promoter(s), promoter group, director(s) and designated person(s) in the manner as specified by the depositories according to SEBI circular no – SEBI/HO/ISD/ISD/CIR/P/2020/168 dated September 9, 2020. Further, listed entities shall update their designated person list in the manner specified by the depositories on regular basis.
This circular shall come into force for trading window closure with effect from April 1, 2024.
The aforesaid SEBI 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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Bijal Shettigar
Assistant Manager-Listing Compliance
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