Section 195: Prohibition on insider trading of securities
The section, clause by clause
What the section says
In plain terms
Omitted by s. 65, ibid. (w.e.f. 9-2-2018). CHAPTER XIII APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. Subs. by Act 22 of 2019, s. 28, for sub-section (5) (w.e.f. 2-11-2018).
- 1. The proviso ins. by Act 1 of 2018, s. 66 (w.e.f. 12-9-2018).
- 2. Subs. by s. 66, ibid., for “specified in that Schedule” (w.e.f. 12-9-2018).
- 3. The words “with the approval of the Central Government,” omitted by Act 1 of 2018, s. 67 (w.e.f. 12-9-2018).
- 4. Ins. by s. 67, ibid. (w.e.f. 12-9-2018).
Referred to by
Search the whole Act, or ask it a question, in the interactive browser.
Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.