In an informal guidance sought by Apollo Tricoat Tubes, SEBI clarified that a person identified as a promoter is required to comply with the code of conduct requirements, as they apply to other designated persons. Person identified as a promoter, even if he is not acting as a promoter of the company, exercises no control, plays no role in the management and does not hold any position, should comply with insider trading regulations.
from taxmann.com News https://ift.tt/2oD8Udk
No comments:
Post a Comment