Who will be approving authority for trades done by the Rohan Lal, Compliance Officer or his immediate relatives, as Insiders as per SEBI (Prohibition of Insider Trading Regulations, 2015)?
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2025
Who will be approving authority for trades done by the Rohan Lal, Compliance Officer or his immediate relatives, as Insiders as per SEBI (Prohibition of Insider Trading Regulations, 2015)?
Answer & Explanation:
As per SEBI (Prohibition of Insider Trading) Regulations, 2015 read with FAQs on SEBI (PIT) Regulations dated December 31, 2024 The Board of Directors of the company shall be the approving authority in the case of Compliance officer and his immediate relatives. Hence, In case of Rohan Lal, the Board of directors of the company will be the approving authority and they may stipulate such procedures as are deemed necessary to ensure compliance with these regulations
Topics: SEBI Regulations
Related Questions in this Topic
- Write briefly on Business Responsibility and Sustainability Report (BRSR) as per SEBI (Listing Obligations and Disclosur...
- Up to which date, XYZ Ltd. will notify the particulars of such disclosure of Rudra Pratap to the stock exchange(s) on hi...
- Up to which date, the company must have received Initial Disclosure regarding securities held by Rudra Pratap, on his Ap...
- In appreciation of good services, Mohan Lal head of finance, has received an email regarding granting of 1000 ESOP (Empl...
- Write briefly on Business Responsibility and Sustainability Report (BRSR) as per SEBI (Listing Obligations and Disclosur...