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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Issuance of Direction under Framework for restricting trading by Designated Persons (DPs) by freezing PAN at security level

28-Jun-2023 | 20230628-23

BSE has issued Circular to Listed Companies regarding Directions under Framework for restricting trading by Designated Persons (DPs) by freezing PAN at security level, effective from 30th September 2023. By virtue of the circular, listed entities forming part of SENSEX 30 and NIFTY 50 for smooth implementation of the provisions of SEBI circular no. SEBI/HO/ISD/ISD-SEC-4/P/CIR/2022/107 dated 5th August 2022 on Framework for restricting trading by Designated Persons by freezing PAN at security level has been directed as follow: 1. declaration of financial results by the listed company in phased manner as per table mentioned in the circular. 2. Companies that qualify must include all equity ISIN and ISINs that are convertible into equity. 3. Listed entities are required to designate one of the depositories as its designated depository and provide the information including PAN of Promoter, promoter group, director and designated person in the manner as specified by the depositories. 4. listed entities shall update their designated person list in the manner specified by the depositories on regular basis. All Listed companies are requested to take note and comply accordingly.

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