Comment on the following statements: Price sensitive information is any information which relates directly or indirectly to a company.

According to SEBI (Prohibition of Insider Trading) Regulations, 1992, 'Price sensitive information' means any information which relates directly or indirectly to a company and which if published is likely to materially affect the price of securities of company. The following shall be deemed to be price sensitive information: periodical financial results of the company; intended declaration of dividends (both interim and final); issue of securities or buy-back of securities; any major expansion plans or execution of new projects; amalgamation, mergers or takeovers; disposal of the whole or substantial part of the undertaking; any significant changes in policies, plans or operations of the company. Explanation (b) to sub-section (1) of section 195 of the Companies Act, 2013 also defines price sensitive information which means any information which relates, directly or indirectly, to a company and which if published is likely to materially affect the price of securities of the company. Note: Since for June 2015 examination, SEBI (Prohibition of Insider Trading) 1992 was applicable as the new regulation was notified on January, 2015.