https://www.taxtmi.com/acts?id=15629 Prohibition on forward dealings bars directors and key managerial personnel from acquiring rights or options to call for or make delivery of specified shares or debentures of the company, its holding, subsidiary or associate companies. Contravention attracts criminal penalties and requires surrender of the securities, refusal of registration by the company, and notification to the depository for dematerialised holdings so that the securities remain in the transferor's name. en-us Thu, 22 Dec 2011 11:03:20 +0530 Thu, 22 Dec 2011 11:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15629 Prohibition on forward dealings bars directors and key managerial personnel from acquiring rights or options to call for or make delivery of specified shares or debentures of the company, its holding, subsidiary or associate companies. Contravention attracts criminal penalties and requires surrender of the securities, refusal of registration by the company, and notification to the depository for dematerialised holdings so that the securities remain in the transferor's name. Act-Rules Bills Thu, 22 Dec 2011 11:03:20 +0530 https://www.taxtmi.com/acts?id=15629