Write short notes on Person is deemed to be a connected person.

Person is deemed to be a connected person The SEBI (Prohibition of Insider Trading) Regulations, 2015 states that a "Person is deemed to be a connected person", if such person is- an immediate relative of connected persons; or a holding company or associate company or subsidiary company; or an intermediary as specified in section 12 of the SEBI Act or an employee or director thereof; or an investment company, trustee company, asset management company or an employee or director thereof; or an official of a stock exchange or of clearing house or corporation; or a member of board of trustees of a mutual fund or a member of the board of directors of the asset management company of a mutual fund or is an employee thereof; or a member of the board of directors or an employee, of a public financial institution as defined in section 2 (72) of the Companies Act, 2013; or an official or an employee of a self-regulatory organization recognised or authorized by SEBI; or a banker of the company or a concern, firm, trust, Hindu undivided family, company or association of persons wherein a director of a company or his immediate relative or banker of the company, has more than ten percent of the holding or interest;