BSE vide notice dated 28 June 2023 has issued clarification regarding implementation of SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”) – Framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level.
All listed companies shall declare financial results on March 31, 2024 and trading window shall close on April 1, 2024.
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). 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 with effect from the quarter ending September 30, 2023.