Company and SEBI Law
SEBI has notified the SEBI (Prohibition of Insider Trading) (Third Amendment) Regulations, 2024. The amended norms modifies the definition of the connected person. Now, a firm or its partner or its employee in which a connected person is also a partner shall deemed to be connected persons. Further, a person sharing household or residence with a connected person shall also be deemed a connected person.
Notification No. SEBI/LAD-NRO/GN/2024/215 dated 06.12.24
