https://www.taxtmi.com/acts?id=17491 Prohibits directors and key managerial personnel from acquiring forward-dealing rights or options in shares or debentures of the company, its holding, subsidiary or associate companies. Breach attracts imprisonment up to two years and a prescribed fine; persons acquiring securities contrary to the prohibition must surrender them, the company must not register such acquisitions, and depositories must not record dematerialised acquisitions, with such securities remaining in the transferors' names. Relevant securities are defined to include those of the company where the person is a whole-time director or key managerial personnel and of its holding and subsidiary companies. en-us Sat, 02 Mar 2013 13:16:30 +0530 Wed, 24 Dec 2025 14:55:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17491 Prohibits directors and key managerial personnel from acquiring forward-dealing rights or options in shares or debentures of the company, its holding, subsidiary or associate companies. Breach attracts imprisonment up to two years and a prescribed fine; persons acquiring securities contrary to the prohibition must surrender them, the company must not register such acquisitions, and depositories must not record dematerialised acquisitions, with such securities remaining in the transferors' names. Relevant securities are defined to include those of the company where the person is a whole-time director or key managerial personnel and of its holding and subsidiary companies. Act-Rules Companies Law Sat, 02 Mar 2013 13:16:30 +0530 https://www.taxtmi.com/acts?id=17491