Insider trading prohibition bars directors and key managerial personnel from trading on non-public price-sensitive information, with criminal and monetary penalties. Prohibition on insider trading bars directors, key managerial personnel and other officers from trading in securities or counselling others to trade when they are reasonably expected to have access to non-public price-sensitive information, excluding communications in the ordinary course of business or required by law; breaches attract imprisonment up to five years and specified monetary penalties including disgorgement of profits.
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.
Provisions expressly mentioned in the judgment/order text.
Insider trading prohibition bars directors and key managerial personnel from trading on non-public price-sensitive information, with criminal and monetary penalties.
Prohibition on insider trading bars directors, key managerial personnel and other officers from trading in securities or counselling others to trade when they are reasonably expected to have access to non-public price-sensitive information, excluding communications in the ordinary course of business or required by law; breaches attract imprisonment up to five years and specified monetary penalties including disgorgement of profits.
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