Securities Markets Order, 2013 · s 140

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140. (1)
A person who becomes a director of a listed company or a publicly tradable company and at the time when he does so is interested in the securities of the company or any other company being the company's subsidiary or holding company or a subsidiary of the company's holding company, shall give notice in writing to the company
(a}
of the subsistence of his interests at that time; and
(b}
of the amount and description of securities of, the company or other such company in which his interest subsists at that time.
!2)
A director of a listed company or a publicly tradable company shall give notice in writing to the company of any of the following events -
(a} any event in consequence of whose occurrence he becomes, or ceases to be, interested in the securities of the company, or any other company being the company's subsidiary or holding company or a subsidiary of the company's holding company;
(b}
the entering into by him of a contract to sell any such securities;
(c} the assignment by him of a right granted to him by the company to subscribe for securities of the company;
1344

{d}
the grant to him by another company, being the company's subsidiary or holding company or a subsidiary of the company's holding company, of a right to subscribe for securities of that other company, the exercise of such a right granted to him and the assignment by him of such a right so granted;
(eJ the sale of securities beneficially owned by him and any gain by the sale of such securities, and the notification to the company shall state the number, amount, and description of securities involved.
(3)
A director of a listed company or a publicly tradable company shall submit a statement of beneficial ownership of the listed securities to the
Authority in such form as may be prescribed by the Authority.
(4)
The obligation imposed by subsections (1), (2) and (3) is required to be undertaken before the expiration of a period of 5 days beginning with the date on which the obligation first arises.
[5)
This section applies to-
{a} the spouse of a director of a company (not being a director); and
{b}
the minor son or daughter of a director (not being a director), as it applies to the directors.
(6)
For the purposes of this section -
(aJ
"son" includes step-son and "daughter" includes step-daughter; and
{bJ
"minor" means a person under the age of 18 years.
Register of directors, interests.

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s 140

(3)

A director of a listed company or a publicly tradable company shall submit a statement of beneficial ownership of the listed securities to the

Authority in such form as may be prescribed by the Authority.

(4)

The obligation imposed by subsections (1), (2) and (3) is required to be undertaken before the expiration of a period of 5 days beginning with the date on which the obligation first arises.

[5)

This section applies to-

{a} the spouse of a director of a company (not being a director); and

{b}

the minor son or daughter of a director (not being a director), as it applies to the directors.

(6)

For the purposes of this section -

(aJ

"son" includes step-son and "daughter" includes step-daughter; and

{bJ

"minor" means a person under the age of 18 years.