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....ition on forward dealings in securities of company by director or key managerial personnel 194. (1) No director of a company or any of its key managerial personnel shall buy in the company, or in its holding, subsidiary or associate company- (a) a right to call for delivery or a right to make delivery at a specified price and within a specified time, of a specified number of....

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....ions contained in sub-section (2), be liable to surrender the same to the company and the company shall not register the securities so acquired in his name in the register, and if they are in dematerialised form, it shall inform the depository not to record such acquisition and such securities, in both the cases, shall continue to remain in the names of the transferors. Explanation.-For t....