This Post is Second Part of “Insider Trading – An Overview”
Link of Part I: Insider trading – An overview (Part I)
Disclosure requirements
Initial Disclosure by member
Any person who holds more than 5% shares or voting rights in any listed company shall disclose to the company/Compliance Officer in Form A, the number of shares or voting rights held by such person, on becoming such holder, within 2 working days (Substituted for “4 days” vide SEBI Notification No. LAD-NRO/GN/2008/29/44801, dated 19.11.2008) of the receipt of intimation of allotment of shares or the acquisition of shares or voting rights, as the case may be.
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By
CMA Ankur Pandey
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