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[Cites 0, Cited by 0] [Section 4(1)] [Section 4] [Entire Act]

Securities And Exchange Board Of India - Subsection

Section 4(1)(i) in Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

(i)the transaction is an off-market inter-se transfer between [insiders] [Substituted 'promoters' by Notification No. SEBI/LAD-NRO/GN/2018/59, dated 31.12.2018 (w.e.f. 15.1.2015).] who were in possession of the same unpublished price sensitive information without being in breach of regulation 3 and both parties had made a conscious and informed trade decision;