Gujarat HC Grants Bail to Marriage Bureau Owner, Finds No Link to Alleged ‘Looteri Dulhan’ Gang || Calcutta HC: Minor’s Consent has No Mitigating Effect in POCSO Sexual Assault Cases || Orissa HC Commutes Death Sentence, Says Emotion Cannot Override Established Law || Calcutta HC: Street Vendors Act Protects Lawful Vending, Not Illegal Encroachments || P&H HC: Courts Cannot Reveal Identities of Children in Conflict With Law in Court Records || Bombay HC: Government Cannot Fix ‘Politically Convenient’ Election Dates sets Goa Poll Timeline || SC: Major Port Trusts Liable for Customs Duty on Pilfered Goods under Customs Act || Supreme Court: General Fraud Allegations Cannot Extend Limitation under Section 74 CGST Act || SC: ‘No Coercive Steps’ Order Cannot Restrain Filing of Charge Sheet || Chhattisgarh HC: Maintenance for Autistic Child May Continue Beyond 18 Until Self-Sufficient

Amendment of Guidance Note on insider trading regulations- (Securities and Exchange Board of India) (12 Apr 2016)

MANU/SPRL/0076/2016

Capital Market

The Securities and Exchange Board of India issued amendments to its guidance note on the SEBI (Prohibition of Insider Trading) Regulations, 2015. Amendments are in light of recent changes by which dissenting shareholders were afforded an exit opportunity and the restriction of ‘contra-trade’ would not apply. With the latest amendment, the exit offer is also exempted from the restricton on contra trade under the Regulations.

Tags : SEBI INSIDER TRADING EXIT OPPRTUNITY

Share :