Subscription to non-convertible securities allowed during trading window closure, subject to Board-specified framework and conditions. Trading window restrictions under the Prohibition of Insider Trading framework shall not apply to subscription to the issue of non-convertible securities where such subscription is carried out in accordance with the framework specified by the Board; this extends the list of transactions already exempted and is effective immediately, with stock exchanges required to notify and disseminate the circular.
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.
Subscription to non-convertible securities allowed during trading window closure, subject to Board-specified framework and conditions.
Trading window restrictions under the Prohibition of Insider Trading framework shall not apply to subscription to the issue of non-convertible securities where such subscription is carried out in accordance with the framework specified by the Board; this extends the list of transactions already exempted and is effective immediately, with stock exchanges required to notify and disseminate the circular.
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