Insider trading compliance required for trustees, AMCs and personnel; dematerialisation and treatment of illiquid securities mandated. Mutual funds must transact in government securities in dematerialised form. Trustees must determine whether amounts realised from illiquid securities or NPAs on scheme winding up are substantial and, if realised within two years and substantial, distribute them to former investors; otherwise transfer to the Investor Education Fund. Trustee companies, asset management companies and their personnel must strictly comply with insider trading regulations.
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 compliance required for trustees, AMCs and personnel; dematerialisation and treatment of illiquid securities mandated.
Mutual funds must transact in government securities in dematerialised form. Trustees must determine whether amounts realised from illiquid securities or NPAs on scheme winding up are substantial and, if realised within two years and substantial, distribute them to former investors; otherwise transfer to the Investor Education Fund. Trustee companies, asset management companies and their personnel must strictly comply with insider trading regulations.
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