Promoter Co’s to be brought in the net of Insider Trading Regulations

With an aim to rein in insider trading by promoters without investors™ knowledge,Sebi has decided to make it mandatory for all promoter entities to disclose any considerable purchase or sale of shares by them. The decision would remove a major anomaly from the Sebi™s insider trading prohibition regulations, which currently requires only directors and senior officials to disclose their dealings in the company share.

The proposed step was approved by the market regulator™s board last  Friday and would soon come into effect after a notification for the amendment to existing regulations.

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eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

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