- SEBI changes the rules of Insider Trading
- The rules of preferential shares also changed
- Decision taken in view of Kovid-19
- People still waiting for decision on China’s investment
- New Delhi: On Thursday, the Securities and Exchange Board of India (Sebi) approved reforms in its regulations to ban Insider Trading. SEBI has also relaxed the rules to raise capital from securities market in this meeting held through video conferencing. Although it was expected that in today’s meeting there will be a big decision regarding the investment coming from China, but SEBI has not taken any decision on this issue at the moment.Amok and Mother Dairy will compete with Kokokola Buttermilk in the Indian drinks market
Sebi, while giving information about this, said that the change in the rules of SEBI (Prohibition of Insider Trading) Regulations, 2015 has been approved. Under this, now it has been said that sensitive information, secret price and who is aware of all these, to prepare digital data related to it. Apart from automation for filing on the stock exchange and transactions other than the transactions prescribed by SEBI, any other exchange window has been banned.Also Read: Wage Disparity, HDFC Bank and SBI are the latest examples in the banking sectorMid Day Meal money to reach parents’ bank accounts by June 30
Along with this, SEBI has also changed the rules for allotting Preferential Shares. This will make it possible for companies to raise capital. According to the new rule, companies will now be able to issue preferential shares at the two-week average price of shares listed on the share market. Right now companies have to preferential issue at an average of 26 weeks’ high-low prices. Because of which companies constantly sought to relax the rules. But it is worth noting that this facility has been announced by Sebi for the same preferential issue which will be released from 1 July 2020 to 31 December 2020.
