I have a query!!
"ABC Ltd" a target company is listed in Stock Exchanges. "DEF Ltd" being a promoter company and holding 5.54% of share capital in "ABC Ltd", is about to transfer its entire shareholding to "XYZ Ltd due to demerger of the investment division of DEF Ltd ".
What all would be the Compliances required to be done under Sebi SAST regulations and Insider Trading Regulations by ABC Ltd, DEF Ltd & XYZ Ltd.
As per my study on the SEBI Laws i have found that
1) DEF Ltd and XYZ Ltd has to comply with Regulation 13 (4A) of Insider trading regulations and
2) XYZ Ltd. has to comply with Regulation 29(1) of SAST Regulations.
Please let me know whether there are any other compliances need to be done in this regard.
Thanks in advance
Prasanjit Kumar
CAclubindia
