You have been appointed as the Auditor for the purpose of Insider Trading Audit of the GTK Limited. Define insider trading and enumerate the considerations you shall take during Insider Trading Audit.

Insider trading essentially denotes dealing in a company's securities on the basis of confidential information, relating to the company, which is not published or not known to the public (known as 'unpublished price-sensitive information'), used to make personal profits or avoid loss. The Insider Trading Audit includes the compliances requirements (event based /continuous disclosures) under the SEBI (Prohibition of Insider Trading) Regulations, 2015 which includes: Initial disclosures of trades which is to be made by only the promoters, key managerial personnel, directors internally; Continual disclosures which is to be made by every promoter, employee or director in case value of trade exceed monetary threshold of ten lakh rupees over a calendar quarter; company accordingly notify stock exchanges within 2 trading days; Submission of trading plans; Appointment of compliance officer; Pre-clearance for trading; Codes of fair disclosure and conduct; Role of the designate person; Manner of dealing with UPSI (Unpublished Price Sensitive Information).