Divya is Managing Director of AB Ltd., a wholly owned subsidiary of PEE KAY Ltd., a listed company. AB Ltd. incurred a huge loss of ₹125 crore on 31 st March, 2014. However, PEE KAY Ltd. informed this loss to stock excha
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2014
Divya is Managing Director of AB Ltd., a wholly owned subsidiary of PEE KAY Ltd., a listed company. AB Ltd. incurred a huge loss of ₹125 crore on 31 st March, 2014. However, PEE KAY Ltd. informed this loss to stock exchange on 30 th April, 2014. Divya's husband, Pradeep, who received information of this loss from Divya, sold 2,60,000 shares of PEE KAY Ltd. on 24 th April, 2014. Examine and comment on the above as a Secretarial Auditor.
Topics: Insider Trading and Secretarial Audit
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