Question

Which of the following is not true?

A Unlawfully procuring possession of unpublished price sensitive information is illegal
B An insider has to formulate the trading plans and present it to compliance officer for approval and public disclosure pursuant to which trade may be carried out on his behalf
C In case of connected persons, the onus of establishing that they were not in possession of unpublished price sensitive information, shall be on the Board
D Trading plan once approved shall be irrevocable and shall be mandatorily implemented without any deviation
E All are true
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RBI Grade B 2026 Phase 1 Memory Based Paper
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