08-15-2005, 08:23 AM
First of all we shall know who is an insider.
As per Listed Companies(Prohibition of insiders trading) Guidelines Insider is
a) A person who is director,CEO,managig agent, chief accountant, secratary or auditor of a listed company or the benificial owner holding directly or indirectly not less than 10% of shares of a listed company; or
b) a person who is or was connected with the company or is deemed to have been connected with the company and who is reasonably expected to have access bt virtue of such connection to unpublished price sensitive information in respect of securities of the company who has recieved or has had access to such unpublished price sensitive information.
now comming to point insider dealing is
where a person ( a mentioned above ) buys or sell securities when he in possession of such confidential knowledge which effect the value of such securities.
Ibri
As per Listed Companies(Prohibition of insiders trading) Guidelines Insider is
a) A person who is director,CEO,managig agent, chief accountant, secratary or auditor of a listed company or the benificial owner holding directly or indirectly not less than 10% of shares of a listed company; or
b) a person who is or was connected with the company or is deemed to have been connected with the company and who is reasonably expected to have access bt virtue of such connection to unpublished price sensitive information in respect of securities of the company who has recieved or has had access to such unpublished price sensitive information.
now comming to point insider dealing is
where a person ( a mentioned above ) buys or sell securities when he in possession of such confidential knowledge which effect the value of such securities.
Ibri
