The offer shall be for not less than Rs. 250 crores and the value of the proposed assets of the InvIT shall not be less than Rs. 500 crores. The minimum subscription size will be Rs.1 lakh. The units are listed on a stock exchange.
Insider trading refers to the dealing in securities by persons connected with a company having unpublished price sensitive information that is not available to the public. Such persons include the directors and employees of the company, associates such as bankers and tax consultants or employees of the stock exchanges etc. who possess unpublished price sensitive information.
Any amount collected by the listed companies, intermediaries and fiduciaries on account of violations of code of conduct needs to be remitted to SEBI for credit to the Investor Protection and Education Fund (IPEF), administered by SEBI.
Professional firms such as auditors, accountancy firms, law firms, analysts, insolvency professional entities, consultants, banks etc., assisting or advising listed companies shall be collectively referred to as fiduciaries for the purpose of SEBI (PIT) Regulations.
Intermediaries are required under the regulation to: Appoint a compliance officer, Redress investor grievance within 45 days from receipt of such complaint