{"id":2263,"date":"2021-02-13T09:23:57","date_gmt":"2021-02-13T09:23:57","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=2263"},"modified":"2021-03-17T09:03:05","modified_gmt":"2021-03-17T09:03:05","slug":"revision-of-disclosure-format-by-sebi","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/revision-of-disclosure-format-by-sebi\/","title":{"rendered":"Revision of Disclosure Format under Prohibition of Insider Trading Regulations by SEBI"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Recently, SEBI,\nby way of the powers provided under the provisions of section 11 (1) of the\nSEBI Act 1992, together with the rule 4 (3) and 11 of the Prohibition of Insider\nTrading Regulations, have passed a Circular No. SEBI\/ HO\/ ISD\/ ISD\/ CIR\/ P\/\n2021\/ 19, on 09.02.2021. The said circular deals with the Revision of\nDisclosure Format under Prohibition of Insider Trading Regulations.<\/p>\n\n\n\n<p>Also, it shall\nbe considerate to take into consideration that the said amendment has been made\nunder Rule 7 of the SEBI (Prohibition of Insider Trading) Regulations 2015,\nwhich were notified by way of Circular No CIR\/ ISD\/ 01\/ 2015 and CIR\/ ISD\/ 02\/ 2015,\nissued on 11.05.2015 and 16.09.2015 respectively.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e414f39f8c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e414f39f8c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/revision-of-disclosure-format-by-sebi\/#Purpose_for_Revision_of_Disclosure_Format_under_Prohibition_of_Insider_Trading_Regulations\" title=\"Purpose for Revision of Disclosure Format under Prohibition of Insider\nTrading Regulations\">Purpose for Revision of Disclosure Format under Prohibition of Insider\nTrading Regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/revision-of-disclosure-format-by-sebi\/#Reasons_for_Revision_of_Disclosure_Format_under_PIT_Regulations\" title=\"Reasons for Revision of Disclosure Format under PIT Regulations\">Reasons for Revision of Disclosure Format under PIT Regulations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/revision-of-disclosure-format-by-sebi\/#Things_to_Remember_regarding_Revision_of_Disclosure_Format\" title=\"Things to Remember regarding Revision of Disclosure Format\">Things to Remember regarding Revision of Disclosure Format<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/revision-of-disclosure-format-by-sebi\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/revision-of-disclosure-format-by-sebi\/#Official_SEBI_Circular_on_Revision_of_Disclosure_Format\" title=\"Official SEBI Circular on Revision of Disclosure Format\">Official SEBI Circular on Revision of Disclosure Format<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Purpose_for_Revision_of_Disclosure_Format_under_Prohibition_of_Insider_Trading_Regulations\"><\/span>Purpose for Revision of Disclosure Format under Prohibition of Insider\nTrading Regulations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The purpose behind\nthe Revision of Disclosure Format under Prohibition of Insider Trading\nRegulations are as follows:<\/p>\n\n\n\n<ul><li>To Protect Investors Interest;<\/li><li>To Promote Development of Securities Market;<\/li><li>To Regulate Securities Market;<\/li><\/ul>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/key-changes-made-in-sebi-listing-obligations-and-disclosure-requirements-amendment-regulations-2021\/\">Key Changes Made in SEBI (Amendment) Regulations 2021<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reasons_for_Revision_of_Disclosure_Format_under_PIT_Regulations\"><\/span>Reasons for Revision of Disclosure Format under PIT Regulations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The main reasons behind the revision of <a href=\"https:\/\/en.wikipedia.org\/wiki\/Disclosure\">Disclosure<\/a> Format under PIT Regulations can be summarised as:<\/p>\n\n\n\n<ul><li>Inclusion of Member of the Promoter Group and\nDesignated Person as Employee, and;<\/li><li>Feedback received from the Market Participants and\nRecognised Stock Exchanges;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Things_to_Remember_regarding_Revision_of_Disclosure_Format\"><\/span>Things to Remember regarding Revision of Disclosure Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The things to\nremember regarding the revision of disclosure format are as follows:<\/p>\n\n\n\n<ul><li>Except for Form B to D (which are amended), all the\nconditions prescribed in the regulations will remain the same and unchanged;<\/li><li>All the Recognised Stock Exchanged need to bring the\nsame in the notice of the listed companies, and;<\/li><li>All the Recognised Stock Exchanged need to disseminate\nabout the same on their websites as well;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell,\nthe Revision of Disclosure Format under Prohibition of Insider Trading\nRegulations by SEBI was made based on the feedback received from the Market\nParticipants and Recognised Stock Exchanges and due to the inclusion of Member\nof the Promoter Group and Designated Person as Employee.<\/p>\n\n\n\n<p>In case of any\nother doubt or query, contact to <strong><a href=\"https:\/\/swaritadvisors.com\/\" class=\"text-primary\">Swarit Advisors<\/a><\/strong>, our proficient and\nwell experienced Chartered Accountants will solve out all the issues concerning\nSEBI Advisory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_SEBI_Circular_on_Revision_of_Disclosure_Format\"><\/span>Official SEBI Circular on Revision of Disclosure Format<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<a href=\"https:\/\/swaritadvisors.com\/blog\/wp-content\/uploads\/2021\/02\/Revision-of-Disclosure-Format-under-Prohibition-of-Insider-Trading-Regulations-by-SEBI.pdf\" class=\"pdfemb-viewer\" style=\"\" data-width=\"max\" data-height=\"max\"  data-toolbar=\"bottom\" data-toolbar-fixed=\"off\">Revision-of-Disclosure-Format-under-Prohibition-of-Insider-Trading-Regulations-by-SEBI<br\/><\/a>\n<p class=\"wp-block-pdfemb-pdf-embedder-viewer\"><\/p>\n\n\n\n<p><strong>Also, Read:<\/strong> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/annual-compliance-for-a-listed-company-as-per-sebi-regulations\/\">Annual Compliance for a Listed Company as per SEBI Regulations<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, SEBI, by way of the powers provided under the provisions of section 11 (1) of the SEBI Act 1992, together with the rule 4 (3) and 11 of the Prohibition of Insider Trading Regulations, have passed a Circular No. SEBI\/ HO\/ ISD\/ ISD\/ CIR\/ P\/ 2021\/ 19, on 09.02.2021. The said circular deals with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[50,64],"tags":[505],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2263"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=2263"}],"version-history":[{"count":17,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2263\/revisions"}],"predecessor-version":[{"id":3398,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/2263\/revisions\/3398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/2264"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=2263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=2263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=2263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}