The Securities and Exchange Board of India vide circular dated 5th August, 2022, to improve ease of doing business and prevent inadvertent non-compliances, has directed Stock Exchanges and Depositories to develop a system to restrict trading by DPs of listed company during trading window closure period.
This 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 and shall be applicable to declaration of financial results of listed company that is or was part of benchmark indices from the date of implementation of the circular.
This circular shall come into force from the quarter ending 30th September, 2022.
