Regulation 4 - Trading when in possession of unpublished price sensitive information
Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 Chapter II RESTRICTIONS ON COMMUNICATION AND TRADING BY INSIDERS
Contents
Notifications
Circulars
Rules & Regulations
Case Laws New
Plus +
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Trading when in possession of unpublished price sensitive information prohibited; limited exceptions allow off market, block deal, statutory and planned trades. Trading in listed or proposed securities is prohibited when in possession of unpublished price sensitive information, subject to rebuttal by specified ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Trading when in possession of unpublished price sensitive information prohibited; limited exceptions allow off market, block deal, statutory and planned trades.
Trading in listed or proposed securities is prohibited when in possession of unpublished price sensitive information, subject to rebuttal by specified exceptions: off market inter se transfers between insiders with the same UPSI (with company and exchange disclosures), block deal window transactions between such persons, bona fide statutory or regulatory obligations, exercise of pre priced stock options, trades under a trading plan, and for non individuals separation between information holders and decision makers with adequate safeguards. Connected persons bear the burden to prove absence of UPSI; otherwise the Board bears the onus.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.