SEBI(PIT) Regulations: Contours and Criticality of Deemed UPSI under PIT & its Disclosure under LODR

Recent Adjudication Orders of the Securities Market Regulator, SEBI under PIT Regulations have intensified discussion on a host of issues, in Indian listed entities. Some of the key orbiters around which these issues revolve are:

1. When an information is to be deemed as UPSI?

2. When an information becomes “concrete and credible” for disclosure?

3. Whether the inter-play between PIT and Regulation 30 of LODR Regulations, poses risk of double whammy, since premature disclosure may be perceived as inducement – which is punishable under Securities Laws?

The objective of the webinar is to discuss and deliberate as to when an Unpublished Price Sensitive Information (UPSI) can be considered “Credible and Concrete” enough for disclosure, the nature and extent of listed companies’ obligation to issue clarifications on media reports, and the practical issues and risks that entail when dealing with disclosures under PIT Regulations as well as ways to mitigate them.