On July 19, 2023, the Securities and Exchange Board of India (SEBI) issued a circular i.e., SEBI/HO/ISD/ISD-PoD-2/P/CIR/2023/124, introducing an extended framework for restricting trading by Designated Persons (DP’s hereinafter) in listed companies. The promoters, directors, key managerial staff, auditors, support staff of the accounts, finance, legal, internal audit, secretarial departments, secretaries/executive assistants reporting to the directors, the key managerial staff,