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Govt. amends SEBI (Prohibition of Insider Trading) Regulations, 2015

January 5, 2019
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The Govt. has amended the SEBI (Prohibition of Insider Trading) Regulations, 2015 wherein new proviso has been inserted in regulation which clarified that the board of directors of a listed company shall make a policy for determination of “ legitimate purposes” as a part of “Code of fair Disclosures and Conduct” formulated under Regulation 8.
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