i m wrkg as article in one co. which is listed on nse and bse.. our director(one of the promoter) wishes to sell his shares. now i wan 2 know whether any intimation is required to be given to nse/ bse or any other procedure has to be followed. plz note that minimum requirement of 25% in the shareholding by public has already been complied by our company.
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Sale of shares by the director
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Disclosure under SEBI Takeover Code, 2011 and Insider Regulation, 1992 is to be given by the director to the company and stock exchange and company has to intimate to the stock exchange regarding the receipt of intimation under Insider Regulation, 1992. Refer disclosure part of the both the regulations.
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