Manual filing of disclosures not mandatory for cos complying with SDD: Sebi

Sebi on Friday said that manual filing of disclosures by companies, promoter group members, directors and designated persons will no longer be mandatory in case the companies are in compliance with system driven disclosures framework. Under SDD (System Driven Disclosures) framework, relevant disclosures are disseminated by the stock exchanges based on aggregation of data from the depositories without human intervention. On Friday, Sebi said exchanges and depositories have implemented the SDD in accordance with its circular issued in September 2020. "It is, therefore, clarified that for listed companies who have complied with requirements of the circular dated September 9, 2020, the manual filing of disclosures as required under Regulation 7(2) (a) & (b) of PIT Regulations is no longer mandatory," Sebi said in a circular. The norms mentioned by the regulator pertain to the requirement wherein promoters, designated person and directors of a listed company had an obligation to ...

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