INSILYSIS – A STRUCTURED DIGITAL DATABASE
SEBI (Prohibition of Insider Trading) Regulation, 2015 (“SEBI (PIT) Regulations”) mandates that the Board of Directors of every listed Company / Company proposed to be listed shall ensure that they have a Structured Digital Database containing the names of such Persons / Entities with whom any Unpublished Price Sensitive Information (“UPSI”) is shared along with their Permanent Account Number (“PAN”) / or other identifier if PAN not available. The law also mandates that such Database shall have adequate internal controls and checks such as time stamping and audit trails to ensure non tampering of the database. Further, the Audit Committee is also divested with a responsibility to review and ensure, at least once in a financial year, the established system of Internal Controls are adequate and operating smoothly in compliance with SEBI (PIT) Regulations. Corporate Professionals is the destination for all your Insider Law compliance Digital Database related needs. Our so...