Question

    Section 195 (1) of the Companies Act, 2013 lays down

    that no person including any director or key managerial personnel of a company shall enter into _________________, provided that nothing contained in this sub-section shall apply to any communication required in the ordinary course of business or profession or employment or under any law
    A Insider Benefit Correct Answer Incorrect Answer
    B Illegal Trade Correct Answer Incorrect Answer
    C Insider Trading Correct Answer Incorrect Answer
    D Sharing of information Correct Answer Incorrect Answer

    Solution

    Section 195(1) deals with the prohibition on insider trading of securities which provides that no person including any director or key managerial personnel of a company shall enter into insider trading; provided that nothing contained in this sub-section shall apply to any communication required in the ordinary course of business or profession or employment or under any law.

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