https://www.taxtmi.com/caselaws?id=390752 Disclosure under Clause 36 turns on whether information is objectively capable of affecting the security price or the company's operations and performance. On that approach, the Washington warning and Canada acceptance letter were not treated as requiring immediate disclosure, because the company was allowed a short internal decision-making period and disclosure followed promptly. The China announcement was treated differently: a provisional duty on the company's product was capable of affecting market perception and was held to be price sensitive, so delayed disclosure constituted a breach. The memorandum of understanding for sale of the hospital business was also treated as unpublished price sensitive information, and trading while in possession of such information attracted insider trading liability where no credible alternative explanation was proved. en-us Thu, 07 Nov 2019 00:00:00 +0530 Sat, 11 Jan 2020 06:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390752 Disclosure under Clause 36 turns on whether information is objectively capable of affecting the security price or the company's operations and performance. On that approach, the Washington warning and Canada acceptance letter were not treated as requiring immediate disclosure, because the company was allowed a short internal decision-making period and disclosure followed promptly. The China announcement was treated differently: a provisional duty on the company's product was capable of affecting market perception and was held to be price sensitive, so delayed disclosure constituted a breach. The memorandum of understanding for sale of the hospital business was also treated as unpublished price sensitive information, and trading while in possession of such information attracted insider trading liability where no credible alternative explanation was proved. Case-Laws SEBI Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390752