Automation of continual disclosures of PIT regulations
SEBI circular dated 9th September, 2020 for automation of continual disclosures of PIT regulations – System driven disclosures. The system driven disclosures for member(s) of promoter group and designates employee(s) in addition to promoter(s) and director(s) of the company under PIT guidelines for listed companies. Based on PAN and demat account details provided, stock exchanges will identify the trades performed by the aforementioned entities in equities and equity derivative instruments which will then be disseminated on the stock exchange websites in case of disclosure trigger