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.
from taxmann.com News http://bit.ly/2Rcm7XA
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