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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).

 

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