tag:blogger.com,1999:blog-3202774368551476669.post2558676315195261711..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: SEBI’s New Insider Trading Regulations NotifiedUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3202774368551476669.post-27915316856221564372015-08-11T19:48:09.537+05:302015-08-11T19:48:09.537+05:30Dear Umakanth Sir,
I would like to know the meani...Dear Umakanth Sir,<br /> I would like to know the meaning of Regulation 12(2) and the difference between 12(1) and 12(2) of the regulations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-39495009841227301312015-08-11T17:21:06.173+05:302015-08-11T17:21:06.173+05:30@Anonymous. The broad position would be that the o...@Anonymous. The broad position would be that the old regulations would apply for insider trading occurring on May 11, although the precise answer would depend on the detailed facts and circumstances of the case.Umakanth Varottilhttps://www.blogger.com/profile/12438677982004444359noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-12460176665357167682015-08-06T17:56:32.020+05:302015-08-06T17:56:32.020+05:30@Umakanth Sir,
So if an alleged contravention of ...@Umakanth Sir,<br /> So if an alleged contravention of insider trading happens on May 11 then which law would apply?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-51361424811705599002015-01-25T15:01:22.493+05:302015-01-25T15:01:22.493+05:30@Anonymous. A purposive interpretation ought to su...@Anonymous. A purposive interpretation ought to suggest that since Reg. 12(1) itself comes into effect only on the 120th day from publication in the Official Gazette, the repeal of the previous Regulations would also take effect from that date. In that sense, the current regulations would continue until the new ones take effect, without there being any gap.Umakanth Varottilhttps://www.blogger.com/profile/12438677982004444359noreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-60274243056755808042015-01-23T18:02:34.591+05:302015-01-23T18:02:34.591+05:30Regulation 12(1) however says the 1992 Regulations...Regulation 12(1) however says the 1992 Regulations are "hereby repealed". Does that mean no insider trading regulations apply till May?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-46223586565550202352015-01-20T11:55:29.292+05:302015-01-20T11:55:29.292+05:30@Anonymous- could you please provide us with the l...@Anonymous- could you please provide us with the link/reference to this Drafting Manual?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-80382529022680335232015-01-17T06:01:20.482+05:302015-01-17T06:01:20.482+05:30According to Parliament of India Drafting Manual o...According to Parliament of India Drafting Manual on Subordinate Legislation, there are only two ways of drafting "Short Title, Extent and Commencement Section":-<br /><br />1. These regulations shall come into force on the .......th day from the date of its publication in the Official Gazette. <br />OR<br />2. These regulations shall come into force on such date as the ...... may by notification, in official gazette, appoint. <br /><br />Hence, SEBI seems to have gone ahead by the Rule Book. Anonymousnoreply@blogger.com