Summary of the BSE and NSE Circular dated 30/01/2024.
These circulars are integrated in our free-to-use website ca2013.com.
Applicability of the framework to restrict the Designated Persons (“DPs”) from trading by freezing PAN at security level to all BSE, NSE and MSEI listed companies w.e.f. April 1, 2024
With reference to the SEBI circular dated July 19, 2023 for laying down the framework for developing a system to restrict the trading by Designated Persons (DPs) by way of freezing the PAN at security level during Trading Window closure period was implemented in a phased manner, in accordance to the glide path mentioned therein, BSE and NSE have issued a circular for the implementation of the same to all the companies listed on BSE, NSE and MSEI w.e.f. April 1, 2024.
Further, Companies that qualify must include all equity ISIN and ISINs that are convertible into equity.