Write notes on the following: Person deemed to be connected person.

CS Executive · Capital Markets & Securities Laws · PYQS · December 2016
Write notes on the following: Person deemed to be connected person.

Answer & Explanation:

As per SEBI (Prohibition of Insider Trading) Regulation, 2015, "Person is deemed to be a connected person", if such person - 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 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 per cent of the holding or interest;

Topics: Insider Trading Regulations

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