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Extending framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level to all listed companies in a phased manner.
SEBI vide Circular No. SEBI/HO/ISD/ISDPoD2/P/CIR/2023/124 dated July 19, 2023 and NSDL vide Circular No. NSDL/CIR/II/52/2023 dated December 22, 2023 had extended the framework for restricting trading by Designated Persons by freezing PAN at security level to all listed companies in a phased manner.
Accordingly, NSDL has issued directive stating that the framework for restricting trading by Designated Persons (“DPs”) by freezing PAN at security level shall be applicable for companies listed on BSE, NSE & MSEI till March 31, 2024 for quarter ending June 30, 2024 effective from July 01, 2024.
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