The Director of Pico Limited decided to declare bonus issue of equity shares to the shareholders in its Annual General Meeting. Immediately one of the Director purchases 20,000 shares from market @ 30 per share and sold them @ 100 share as bonus issue was declared and made capital gain from it.
(i) Name the practice used by the Director taking the benefits of internal information.
(ii) How does SEBI prohibit such practices?


Share with your friends
Call

Correct Answer - (i) Insider trading (ii) Refer to. Page 413

Talk Doctor Online in Bissoy App