SEBI PIT CONTINUAL DISCLOSURE COMPLIANCE CHART |
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PIT REGULATION |
COMPLIANCE |
REMARKS |
SCHEDULE B |
Pre Clearance Request From Designated Person To Compliance Officer |
The code of conduct shall specify any reasonable timeframe, which in any event shall not be more than seven trading days, within which trades that have been pre-cleared have to be executed by the designated person, failing which fresh pre-clearance would be needed for the trades to be executed. |
SCHEDULE B |
Pre Clearance Declaration To Compliance Officer |
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SCHEDULE B |
Pre Clearance Acceptance By Compliance Officer |
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7 (2) |
Designated Person Intimation Of Trade To Company -Form C |
Disclose to the company the number of such securities acquired or disposed of within two trading days of such transaction |
7 (2) |
Company To Intimate To Stock Exchanges through XBRL mode in BSE, Directly enter in Portal of NSE |
2 WORKING DAYS FROM RECEIPT |
WHAT IS THE TRIGERRING LIMIT? |
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If the value of the securities traded, whether in one transaction or a series of transactions over any calendar quarter, aggregates to a traded value in excess of ten lakh rupees or such other value as may be specified |
NOTE:
However, vide SEBI CIRCULAR SEBI/HO/ISD/ISD/CIR/P/2021/617 it is clarified that for listed companies who have complied with requirements of the circular dated September 09, 2020, the manual filing of disclosures as required under Regulation 7(2) (a) & (b) of PIT Regulations is no longer mandatory.
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From the desk of CS Sharath