Up to which date, the company must have received Initial Disclosure regarding securities held by Rudra Pratap, on his Appointment of Key Managerial Person, as per SEBI (Prohibition of Insider Trading) Regulations, 2015.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2025
Up to which date, the company must have received Initial Disclosure regarding securities held by Rudra Pratap, on his Appointment of Key Managerial Person, as per SEBI (Prohibition of Insider Trading) Regulations, 2015. He was appointed as KMP on March 17, 2025.
Answer & Explanation:
Company has to receive the initial disclosure from every promoter, Key Managerial Personnel (KMP) and Directors with respect to the securities held by them in Company. The Company receives disclosure by every person on appointment as KMP or Director or upon becoming a promoter within seven working days of such appointment or becoming promoter. Rudra Pratap must have deposited Initial Disclosure regarding his holding in the company by March 24, 2025 (within seven working days of such appointment of KMP in the company) as per Regulation 7(1)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Topics: SEBI Regulations
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