18 May 2012
THE GAZETTE OF INDIA EXTRAORDINARY PART – III – SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, 16 AUGUST, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, 16 August, 2011 SECURITIES AND EXCHANGE BOARD OF INDIA (PROHIBITION OF INSIDER TRADING) (AMENDMENT) REGULATIONS, 2011 No.LAD-NRO/GN/2011-12/16/26150–In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, namely:- 1. These regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2011. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992– (i) in regulation 13,– (a) for marginal note, the following shall be substituted, namely:- “Disclosure of interest or holding in listed companies by certain persons – Initial Disclosure.”; (b) after sub-regulation (2), the following sub-regulation shall be inserted, namely:- “(2A) Any person who is a promoter or part of promoter group of a listed company shall disclose to the company in Form B the number of shares or voting rights held by such person, within two working days of becoming such promoter or person belonging to promoter group.; (c) after sub-regulation (4), the following sub-regulation shall be inserted, namely:- “(4A) Any person who is a promoter or part of promoter group of a listed company, shall disclose to the company and the stock exchange where the securities are listed in Form D, the total
Please find the updated guidelines below mention link...