As per Regulation 13(4) and 13(4A) & 13(6) of SEBI (Insider Trading Regulation), 2011, it is mandatory for directors, promoters, and person belonging to promoter group to disclose, within two working days, any change in shareholding if such change exceeds Rs. 5 lakh in value or 25,000 shares or 1% of total shareholding or voting rights, whichever is lower.
1. Does the disclosure requirement as per Regulation 13(4) and 13(4A) is in succession to the Disclosure as made under Regulation 13(2) & 13(2A) of SEBI (Insider Trading Regulation), 2011?
2. Does Insider Trading Regulation contain any other continuous disclosure requirement if the disclosure on daily basis does not hit the limit prescribed under Regulation 13(4) & 13(4A) i.e. Rs. 5 lakh in value or 25,000 shares or 1% of total shareholding or voting rights, whichever is lower?
3. Does Promoters or person belonging to promoter group have to disclose as a whole the total number or percentage of shares sold by them during a financial year if the change in their shareholding is not attracted by the disclosure under regulation 13(4) & 13(4A)?
