Dedicated Issuer Portal For Automated And Real-Time Disclosures
System Driven Disclosure (SDD) in the securities market is an automated mechanism that ensures timely and accurate reporting of transactions and changes in shareholding. This not only reduces manual reporting and provides ease of doing business but also enhances transparency and timely disclosures of information about transactions being carried out by promoters, members of promoter groups, directors, designated persons and acquirers.
SEBI regulations viz; Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 and Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 have specified the disclosure requirements with respect to transactions carried out by promoters, members of promoter groups, directors, designated persons and acquirer. The purpose of disclosure is to bring transparency and promote orderly conduct in the market. For system driven disclosures, SEBI has advised listed companies to appoint a depository as its designated depository and provide information including PAN of promoters, members of promoter group, directors and designated persons to designated depository.
With a view to facilitate listed companies to comply with SEBI guidelines, NSDL has enabled listed companies to appoint NSDL as its designated depository and provide information including PAN of promoters, members of promoter group, directors and designated persons through issuer services portal.
Effortless Compliance: Facilities Provided To The Companies For System Driven Disclosure
- User-friendly issuer portal: NSDL has a dedicated issuer services portal for listed companies to provide essential information about promoters, promoter group members and designated persons. Once companies are registered with NSDL and the authorised users are onboarded, they receive login credentials to access the portal and submit necessary details about promoters, promoter group members, directors and designated persons.
- Effortless electronic consent: Companies can electronically designate NSDL as the Designated Depository for System Driven Disclosures using the issuer services portal.
- Information submission options: Companies have flexibility in providing information to NSDL after They can
- Add promoter/designated person details: They can use an interactive screen to enter details one by one and save.
- Upload the details: Alternatively, they can fill in the required information using the prescribed excel format provided by NSDL and upload it on issuer portal.
- Comprehensive view: Users can view the identified demat accounts in its system based on PAN details provided on issuer portal. Users can view the data including PAN details of promoters, promoter group members, directors and designated persons, as updated by them.
- Efficient data management: Authorised users can view and delete the details about promoters, members of the promoter group, directors and designated persons on the issuer services portal.
Other Services: Explore NSDL’s Issuer-Centric Offerings
NSDL offers a comprehensive range of services to issuer companies through the vast network of over 260 DPs/Business Partners. These services include monitoring of Foreign Investment Limits, Electronic Bidding Platform and handling of corporate actions. These services help to bring in efficiency and transparency in their operations, ensuring seamless compliance with regulatory requirements and facilitating effective engagement with the financial market.
