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

February 2, 2019
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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