https://www.taxtmi.com/caselaws?id=397140 A corporate acquisition announcement was treated as unpublished price sensitive information because it was material, directly related to the company, and likely to affect securities prices when disclosed. On that basis, the compliance officer's duty to administer the code of conduct and close the trading window was engaged, and failure to do so was found to contravene insider-trading obligations. The lapse was also held to justify monetary penalty: the absence of proven trading loss or quantified investor harm did not negate liability, and repeated non-closure was treated as an aggravating factor. A penalty of Rs. 5,00,000 was imposed. en-us Thu, 16 Jul 2020 00:00:00 +0530 Wed, 05 Aug 2020 19:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397140 A corporate acquisition announcement was treated as unpublished price sensitive information because it was material, directly related to the company, and likely to affect securities prices when disclosed. On that basis, the compliance officer's duty to administer the code of conduct and close the trading window was engaged, and failure to do so was found to contravene insider-trading obligations. The lapse was also held to justify monetary penalty: the absence of proven trading loss or quantified investor harm did not negate liability, and repeated non-closure was treated as an aggravating factor. A penalty of Rs. 5,00,000 was imposed. Case-Laws SEBI Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397140