CIRCULAR

SEBI/HO/ISD/ISD/CIR/P/2021/19

February 09, 2021

To

All Recognized Stock Exchanges

Dear Sir/Madam,

Sub: Revised disclosure formats under Regulation 7 of SEBI (Prohibition of Insider Trading) Regulations, 2015

1. 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”).

2. 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.

3. The updated/revised formats are annexed to this circular. The other conditions stipulated in the aforesaid circulars shall remain unchanged.

4. The Stock Exchanges are advised to bring the provisions of this circular to the notice of all listed companies and also disseminate the same on their websites.

5. This circular is issued 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.

6. This circular is available on the SEBI website at https://www.sebi.gov.in/ under the category “Legal→Circulars”.

Yours faithfully,

Kranti Sardesai
Deputy General Manager
Phone: +91-22-26449115
Email: [email protected]

FORM B

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  KM P/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 Share-holding
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:

FORM C

SEBI (Prohibition of Insider Trading) Regulations, 2015

[Regulation 7 (2) read with Regulation 6(2) – Continual Disclosure]

Name of the company: _________________________

ISIN of the company: _________________________

Details of change in holding of Securities of Promoter, Member of the Promoter Group, Designated Person or Director of a listed company and immediate relatives of such persons and other such persons as mentioned in Regulation 6(2).

Name, PAN, CIN/DIN, & address with contact nos.
Category of Person (Promoter/m ember of the promoter group/desig nated person/ Director s/immediate relative to/others etc.)
Securities   held prior to acquisition/ disposal
Securities acquired/Disposed
Securities held post acquisition/ disposal
Date of allotment advice/ acquisition of
shares/
disposal of shares, specify
Date of intimation to company
Mode of acquisition /disposal (on market/ public/ rights/ preferential offer/ off market/ Inter-se transfer, ESOPs, etc.)
Exchange on   which the   trade was executed
Type of securities   (For eg.– Shares, Warrants, Convertible Debentures, Rights entitlements etc.)
No. and % of share holding
Type of securities (For eg. – Shares, Warrants, Convertible Debentures, Rights entitlement, etc.)
No.
Value
Transac tion Type (Purcha se/sale Pledge / Revocation / Invocation/ Others- please specify)
Type of securities (For eg. – Shares, Warrants, Convertible Debentures, Rights entitlement, etc.)
No. and % of shareholding
From
To
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Note: (i) “Securities” shall have the meaning as defined under regulation 2(1)(i) of SEBI (Prohibition of Insider Trading) Regulations, 2015. (ii) Value of transaction excludes taxes/brokerage/any other charges

Details of trading in derivatives on the securities of the company by Promoter, member of the promoter group, designated person or Director of a listed company and immediate relatives of such persons and other such persons as mentioned in Regulation 6(2).

Trading in derivatives (Specify type of contract, Futures or Options etc.)  Exchange on which the  trade was
executed
Type contract of Contract specifi-cations Buy Sell
Notional Value

 

Number       of units (contracts * lot size) Notional Value Number of (contracts size) units *  lot
16 17 18 19 20 21 22

Note: In case of Options, notional value shall be calculated based on Premium plus strike price of options.

Name & Signature:

Designation:

Date:

Place:

FORM D (Indicative format)

SEBI (Prohibition of Insider Trading) Regulations, 2015

Regulation 7(3) – Transactions by Other connected persons as identified by the company

Details of trading in securities by other connected persons as identified by the company

Name, PAN, CIN/DIN, &   address
with contact nos. of other connected
persons  as
identified by the company
Connection   with
company
Securities held prior to acquisition/ disposal
Securities acquired/Disposed
Securities held post acquisition/disposal
Date of allotment advice/ acquisition of shares/ disposal    of
shares
specify
Date  of intimation to company
Mode of acquisition/ disposal (on market/ public/ rights/ Preferential offer/off market/ Inter- se transfer,
ESOPs etc.)
Exchange on which the trade was executed
Type of securities (For eg. – Shares, Warrants, Convertible Debentures, Rights entitlement, etc.)
No. and % of sharehol ding
Type of securitie s (For eg. – Shares, Warrants Convertib le Debentur es, Rights entitleme nt, etc.)
No.
Val ue
Transac tion Type (Purcha se/Sale/ Pledge/ Revocat ion / Invocati on/ Others-please specify)
Type of securities (For eg. – Shares, Warrants, Convertible Debentures, Rights entitlement, etc.)
No.
and % of share holding
From
To
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Note: (i) “Securities” shall have the meaning as defined under regulation 2(1)(i) of SEBI (Prohibition of Insider Trading) Regulations, 2015. (ii) Value of transaction excludes taxes/brokerage/any other charges

Details of trading in derivatives on the securities of the company by other connected persons as identified by the company

Trading in derivatives (Specify type of contract, Futures or Options etc.) Exchange on which the trade was executed
Type of
Con-tract
Contract specifi-cations Buy Sell
Notional Value Number of units (contracts * lot size) Notional Value Number of units
(contracts * lot size)
16 17 18 19 20 21 22

Note: In case of Options, notional value shall be calculated based on premium plus strike price of options.

Name:
Signature:

Place:

Download Full Text of Circular in PDF Format

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