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Regulation 7(1) and 7(2) of under SEBI (Prohibition of Insider Trading) Regulations, 2015 talks about disclosures by certain persons which can be initial and continual. The provisions with respect to the same are detailed herein below:
Initial Disclosures under Regulation 7(1):
Every person on appointment as key managerial personnel or a director of the company or upon becoming a promoter or member of the promoter group] shall disclose his holding of securities of the company as on the date of appointment or becoming a promoter, to the company within seven days of such appointment or becoming a promoter.
Continual Disclosures under Regulation 7(2):
Disclosures by other connected persons under Regulation 7(3):
Any company whose securities are listed on a stock exchange may, at its discretion require any other connected person or class of connected persons to make disclosures of holdings and trading in securities of the company in such form and at such frequency may be determined by the company in order to monitor compliance with these regulations.
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