The bad news is Time flies……. The GOOD News is YOU are the Pilot
-Michael Altshuler

CLOCK IS CONTINUOUSLY TICKING……. COMPLY WITH THE INITIAL DISCLOSURE NORMS OF INSIDER TRADING REGULATIONS: Tighten Your Waders to Avoid Regulatory Actions

With the every tick of the clock, the last date of compliance with the initial disclosure norms of Insider Trading Regulations is approaching fast, 13th June 2015 being the last date for same.

As per the new Regulations, every Promoter, Key Managerial Personnel and Directors along with their immediate relatives are required to disclose their holdings in the securities of their Company within 30 days from the date of effectiveness of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Since last date (being June 13, 2015) is approaching, all the listed companies have to gear up to comply with the same, so as to avoid any penal/ other adverse action by SEBI/Stock Exchange(s).

The obligation to obtain these Initial Disclosures is not just on the Company, rather it’s an obligation of every Promoter, KMP and Director of any listed Company. So, if you are in any of the above positions in a listed company, approach its Compliance Officer and give the requisite Disclosures within the stipulated time frame.