Securities And Exchange Board Of India (Prohibition Of Insider Trading) (Amendment) Regulations, 2008.

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....lations, 2008. 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 2, (a) for clause (e), the following clause shall be substituted, namely:- "(e) "insider" means any person who, (i) is or was connected with the company or is deemed to have been connected with the company and who is reasonably expected to have access to unpublished price sensitive information in respect of securities of a company, or (ii) has received or has had access to such unpublished price sensitive information." (b) after clause (k), the following clause shall be inserted, namely:- "(l) "working day" sh....

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.... such holdings of such person and his dependents (as defined by the company) from the last disclosure made under sub-regulation (2) or under this sub-regulation, and the change exceeds ₹ 5 lakh in value or 25,000 shares or 1% of total shareholding or voting rights, whichever is lower." (d) In sub-regulation (5), the number "4" shall be substituted with the word "two"; (e) in sub-regulation (6), for the words "within five days" the words "within two working days" shall be substituted; (f) after sub-regulation (6), the following sub-regulation shall be inserted, namely:- "E-filing. (7) The disclosures required under this regulation may also be made through electronic filing in accordance with the system devised by the stock excha....

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....hold their investments for a minimum period of 30 days. The holding period would commence when the securities are actually allotted." (viii) for Schedule III, the following schedule shall be substituted, namely:- " SCHEDULE III FORMS FORM A Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 [Regulation 13(1) and (6)] Regulation 13(1) - Details of acquisition of 5% or more shares in a listed company Name, PAN No. & address of shareholder with telephone number Shareholding prior to acquisition No. and percent- age of shares/ voting rights acquired Date of receipt of allotment/ advice. Date of acquisition (specify) Date of intimation to Company Mode of acquisition (market purchase/ publ....

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....advice/ acquisition of shares/ sale of shares specify Date of intimation to company Mode of acquisition (market purchase/ public/rights/ preferential offer etc.) No. & % of shares/ voting rights post- acquisition/ sale Trading member through whom the trade was executed with SEBI Registration No. of the TM Exchange on which the trade was executed Buy quantity Buy value Sell quantity Sell value FORM D Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992 [Regulation 13(4) and (6)] Regulation 13(4) - Details of change in shareholding by Director or Officer of a listed company and his dependents Name, PAN No. & Address of Director/ Officer No. & % of shares/ voting rights he....