What is Prohibition on forward dealings in securities of
company by director or key managerial personnel What is
Prohibition on insider trading of securities Section 194
and 195 of Indian Companies Act 2013
Prohibition on forward dealings in securities of company by
director or key managerial personnel and Prohibition on
insider trading of securities are defined under Section
194 and 195 of Indian Companies Act 2013.
Provisions under
these sections are:
Section
194 of Indian Companies Act 2013
"Prohibition on forward dealings in securities of company by
director or key managerial personnel"
[Prohibition on forward dealings in securities of company
by director or key managerial personnel.] Omitted by the
Companies (Amendment) Act, 2017 (1 of 2018), s. 64 (w.e.f.
9-2-2018).
Section
195 of Indian Companies Act 2013
"Prohibition on insider trading of securities"
[Prohibition on insider trading of securities.] Omitted
by s. 65, ibid. (w.e.f. 9-2-2018).