Revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015
r Overview
Securities and Exchange Board of India (SEBI) vide notification / Circular No. SEBI/HO/ISD/ISD/CIR/P/2021/19 issued and publishes dated 09th February, 2021, has published “Revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015” in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with regulations 4(3) and 11 of the PIT Regulations and to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
r
Previous
Circulars:
SEBI, vide Circular nos. CIR/ISD/01/2015 dated May 11, 2015 and CIR/ISD/02/2015 dated September 16, 2015, had specified the formats for disclosures under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015(“PIT Regulations”).
r Why Revision in Formats:
In light of amendments to the PIT Regulations effecting the
inclusion of member of the promoter
group, and designated
person in place
of employee, in
Regulation 7 of
PIT Regulations; and on the basis
of feedback received from market participants and stock exchanges, the relevant
disclosure formats (Forms B to D) have
been suitably revised
Formats
SEBI (Prohibition of Insider Trading)
Regulations, 2015 [Regulation 7 (1) (b) read with Regulation 6(2) – Disclosure
on
becoming a Key Managerial
Personnel/Director/Promoter/Member of the promoter group]
Name of the company: ISIN of the
company:
Details of Securities held on appointment of Key Managerial Personnel
(KMP) or Director or upon becoming a Promoter or member of the promoter group
of a listed company and immediate relatives of such persons and by other such
persons as mentioned in Regulation 6(2).
|
Name, PAN, CIN/DIN & Address with contact nos. |
Category of Person (KMP / Director or Promoter or member of the promoter group/
Immediate relative to/others, etc.) |
Date of appointment of KMP/Director / OR Date of becoming
Promoter/ member of the promoter group |
Securities held at the time of appointment of KMP/Director or upon
becoming Promoter or member of the promoter group |
% of Shareholding |
|
|
Type of
securities (For eg. – Shares, Warrants, Convertible Debentures, Rights entitlements, etc.) |
No. |
||||
|
1 |
2 |
3 |
4 |
5 |
6 |
Note: “Securities” shall have the meaning as defined under regulation 2(1)(i)
of SEBI (Prohibition of Insider Trading)
Regulations, 2015.
Details of Open Interest (OI) in derivatives on the securities of the
company held on appointment of KMP or Director or upon becoming a Promoter or
member of the promoter group of a listed company and immediate relatives of
such persons and by other such persons as mentioned in Regulation 6(2).
|
Open Interest of the Future contracts held at the time of appointment
of Director/KMP or upon becoming Promoter/member of the promoter group |
Open Interest of the Option
Contracts held at the
time of appointment of Director/KMP or upon becoming Promoter/member of the
promoter group |
||||
|
Contract specifications |
Number of units
(contracts * lot size) |
Notional
value in Rupee terms |
Contract specifications |
Number of units (contracts * lot size) |
Notional
value in Rupee terms |
|
7 |
8 |
9 |
10 |
11 |
12 |
Note: In case of Options, notional value shall be calculated based on premium
plus strike price of options
Name & Signature:
Designation:
Date:
Place:
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Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.
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