Insider Trading

Prescient Messages on WhatsApp: Issues related with Enforcement of Insider Trading Regulations

On November 16, Reuters published an article claiming that three days before the publication of the financial results of Dr. Reddy’s Laboratories Limited (and certain other companies) for the year 2016-17, information regarding loss on its balance sheet had already been exchanged on WhatsApp. This issue became critical because the consensus forecast compiled by Thomson…

Sebi’s Informal Guidance to Kotak Mahindra: Intepreting continuous disclosure norms under the Insider Trading Regulations

Introduction In a recent informal guidance issued to Kotak Mahindra Bank Limited, SEBI has clarified its position on the continuous disclosure norms required under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 (“PIT Regulations”). Regulation 7(2)(a) provides that a promoter, employee and director of a company is required to inform the company, within 2…

© Finsec Law Advisors | 2019
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