Non-disclosure of imposition of provisional duties by China being UPSI violated insider trading norms

COMPANY LAW/SEBI ACT : Where Ministry of China announced provisional duties at rate of 24.6 per cent against products concerning appellant company and 57.4 per cent against other Indian producers but appellant informed stock exchange about said announcement belatedly and vice president of appellant company traded in scrips of company while having information about such announcement, same was in violation of clause 36 of Listing Agreement as well as PIT regulation

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