The Securities and Exchange Board of India on 26th April, 2021 has issued the the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2021. The amendment has omitted regulation 7(1)(a) which provides that:
Every promoter, member of the promoter group, key managerial personnel and director of every company whose securities are listed on any recognized stock exchange shall disclose his holding of securities of the company as on the date of these regulations taking effect, to the company within thirty days of these regulations taking effect.
