BANKING AFFAIRS

Detailed explanation-1: -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.

Detailed explanation-2: -A corporate insider is either a senior officer, director, or an above 10% equity owner. Once classified as a corporate insider, people in these positions must adhere to very strict disclosure regulations required by the Securities and Exchange Commission (SEC).

Detailed explanation-3: -In 1989, it was recommended by the Abid Hussain Committee to include the act of insider trading under civil and criminal offences and it was also suggested for stricter regulation by SEBI to restrain the unfair practice of Insider Trading.

Detailed explanation-4: -Insider Trading Definition Insider Trading is the act of purchasing, selling, underwriting, or agreeing to underwrite the securities or stocks of an organization by key executives/personnel of the company who have access to UPSI-Unpublished Price Sensitive Information regarding the company.