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Form guide · Source checked 21 October 2026
Designated-person records: completed pre-clearance rejection and holdings
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Keep the designated-person list, actual trade request and reasoned compliance decision distinct from statutory trade disclosures.
Source checked 21 October 2026; the cited current instrument and its commencement govern this selected example.
Download and read the completed example
Fictional equity-listed company’s CFO requests a₹50,000 purchase while possessing unreleased quarterly results. The trade is rejected; holdings remain unchanged.
Fictional, unsigned completed illustration. It demonstrates this form’s fields; it is not a filed return, medical opinion, official order or proof of an actual transaction.
When and how this form is used
A designated-person list, pre-clearance application, officer decision, trade execution report and regulation 7 disclosure serve different purposes. The source code prescribes minimum standards; it does not create a universal paper form called “SEBI Form 007”. The completed example uses an explicitly internal layout.
₹25,000 is a chosen internal pre-clearance threshold, while the₹10 lakh calendar-quarter continuing-disclosure trigger is a separate regulation 7(2) test. Neither replaces the prohibition on trading while possessing UPSI. A request below the internal amount can still be unlawful to execute.
The model rejects the application and leaves holdings unchanged. It does not issue a fictional no-UPSI declaration, approval signature, contract note or exchange acknowledgement. The caller cannot cure UPSI possession by obtaining routine officer consent.
The minimum 48-hour reopening restriction is counted from when information becomes generally available; it is not a promise of immediate tradability exactly 48 hours later. A real officer must apply the source’s absorption/control conditions and actual market session. Any later permitted trade requires its own valid clearance and execution/contra-trade/disclosure controls.
The completed fields
Designated person and immediate relatives
| Prescribed field / section | Completed fictional entry |
|---|---|
| Entity / DP / role / identifier | Illustration Precision Tools Ltd; Priya Sharma, fictional CFO /designated person; employee DP -001; PAN [synthetic invalid]; DP inclusion 1 April 2024. |
| Holdings / immediate relatives | Priya 5,000 ordinary shares, relative Arun Sharma 1,000; both synthetic PANs , no derivative positions. Complete model declarations of relationship, phone/contact and materially dependent/consulted relatives are retained privately; no real personal data published. |
| Policy / applicability | Internal policy threshold₹25,000 per proposed trade, assumed board-approved; this is not a universal statutory pre-clearance threshold. PIT annual/continuing disclosures and public takeover disclosures have separate triggers. |
Completed pre-clearance request
| Prescribed field / section | Completed fictional entry |
|---|---|
| Request / trade / quantity / amount | PRE-001,20 October 2026 at 10:00 IST; market purchase 100 shares at assumed₹500 each=₹50,000; own account, no related-person execution. |
| Window / UPSI / undertaking | Trading window closed for results; applicant possesses unreleased quarterly financial results. Applicant cannot truthfully give the no-UPSI undertaking; no completed undertaking is fabricated. |
| Officer decision / reason / expiry | Fictional compliance officer Ravi Kumar,20 October 2026 at 10:15 IST: REJECTED because of UPSI possession and closed window. No clearance validity/expiry or order placement permitted; signature NOT EXECUTED. |
| Execution / holding reconciliation | Executed quantity 0, consideration 0; Priya holding remains 5,000. No exchange statement or contract note invented. A rejected request is not a trade requiring a fictitious trade-disclosure entry. |
Different post-event controls
| Prescribed field / section | Completed fictional entry |
|---|---|
| Window reopening / new request | Assume results become generally available 20 October 2026 at 18:00 IST. Reopening cannot be earlier than 48 hours later,22 October 18:00 IST; the competent officer must also assess absorption and actual open trading session. This rejected request does not revive automatically. |
| If a later trade were genuinely approved | Schedule B clearance execution is within 7 trading days or the shorter period allowed by the code; otherwise fresh clearance. Contra-trade and disclosed-trading-plan exceptions require their own actual branch, not an automatic exemption. |
| Continuing disclosure threshold / output | Regulation 7(2): aggregate traded value exceeding₹10 lakh in a calendar quarter has its own two-trading-day disclosures, as applicable. No trade occurred in this model, so this request does not itself create such a filing. No false compliance certification issued. |
Supporting records and reconciliation
Retain the actual records identified in each field block, approvals/authority, reporting-period reconciliation and genuine submission or delivery evidence. The fictional entries do not establish those underlying facts.
Worked calculation: 100×₹500=₹50,000 requested, but executed 0; holding 5,000+0=5,000.20 Oct 2026 18:00+48 hours=22 Oct 2026 18:00 IST. The internal₹25,000 amount is separate from the statutory>₹10 lakh quarter aggregate.
Official source and version
Download the actual PIT requirement pages (no official paper form prescribed). The named annexure/regulation governs; adjacent material may share a page. This completed PDF is an educational field transcription, not an exchange XBRL import file or executed certificate.
Use the identified reporting period and entity/transaction branch. A genuine filing must use the competent current exchange/ SEBI /depository channel. Website catalogue numbers are not legal form numbers.
Practical questions
Can I submit the sample as my own completed form?
No. Replace the fictional facts with accurate records, use the competent filing or record-keeping route described above and complete genuine signatures or certifications where required.
What makes the example specific to this form?
Keep the designated-person list, actual trade request and reasoned compliance decision distinct from statutory trade disclosures. The URL’s form-007 is this website’s catalogue identifier, not an official SEBI statutory form number.