Insider trading disclosures: appointment and trade reporting requirements trigger company notification and exchange reporting obligations. Regulation 7 requires that persons appointed as key managerial personnel, directors or becoming promoters/promoter group disclose their holdings to the company within seven days; promoters, promoter group members, designated persons and directors must disclose trades aggregating above the specified threshold within two trading days, and the company must notify the stock exchange within two trading days. Incremental transactions crossing the threshold after prior disclosure must be reported, disclosures are to be in the form and manner specified by the Board, and companies may require other connected persons to make disclosures to monitor compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Insider trading disclosures: appointment and trade reporting requirements trigger company notification and exchange reporting obligations.
Regulation 7 requires that persons appointed as key managerial personnel, directors or becoming promoters/promoter group disclose their holdings to the company within seven days; promoters, promoter group members, designated persons and directors must disclose trades aggregating above the specified threshold within two trading days, and the company must notify the stock exchange within two trading days. Incremental transactions crossing the threshold after prior disclosure must be reported, disclosures are to be in the form and manner specified by the Board, and companies may require other connected persons to make disclosures to monitor compliance.
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