HaryanaHaryana yoga guru Ramdevyoga guru Ramdev

Insider tradingInsider trading N K Sodhi panelN K Sodhi panel

SEBI (Prohibition of Insider Trading) Regulations 2015SEBI (Prohibition of Insider Trading) Regulations 2015

Haryana government announces yoga guru Ramdev its brandambassador

January 16, 2015 1 Comment

Haryana government has announced yoga guru Ramdev as its

brand ambassador.

By appointing the yoga guru as its brand ambassador state

aims to promote yoga and Ayurveda in the state.

It was announced by Haryana’s minister of sports and health

Anil Vij.

In order to promote ayurveda in a big way, state government is planning to to develop

a 0rst ever herbal forest with over 25,000 plants over 1,000 acres of land in the state.

State government also plan to open “Vyayamshalas” and “Yogshalas” in 6,500 villages

and cities of Haryana.

SEBI notifies stringent insider trading normsJanuary 16, 2015 No comments

The Securities and Exchange Board of India (SEBI) has noti0ed stringent revamped

rules related to the Insider trading.

Insider trading refers to the trade of a company’s stocks or other securities and

making unethical pro0ts with access to the non-public information. This is detrimental

to the other / small investors who don’t have such information.

In this regard market regulator has issued SEBI (Prohibition of Insider Trading)

Regulations, 2015. Thus, revamping nearly two-decade old regulations on insider

trading.

The key facts about new rules are as follows:

It highlights greater clarity on concepts and de0nitions along with a stronger legal

and enforcement framework for prevention of insider trading.

The new rules has expanded the de0nition of insider. It says that that anyone who is

in contractual, 0duciary or employment relations with the promoters will be

presumed to be ‘insiders’. Thus, the new rules include the immediate relatives of

promotes, directors and employees who are in possession or have access to such

information, within the scope of insiders.

The new rules make it mandatory that the perpetual insiders such as promoters and

directors will have to disclose their future trading plan in advance to the stock

exchanges. They are required to trade strictly as per that plan in order to protect the

interest of investors

The de0nition of the unpublished price sensitive information (UPSI) has been

broadened. Earlier, it has reference to only to company but now, it will have

reference to company as well as securities.

Background

The rules have been prepared after taking into consideration recommendations of

Sodhi panel and other panel recommendations.

It should be noted that a panel headed by former Justice N K Sodhi (former Chief

Justice of Karnataka and Kerala High Courts) had submitted its report on insider

trading norms in December 2013.

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Insider tradingInsider trading N K Sodhi panelN K Sodhi panel

SEBI (Prohibition of Insider Trading) Regulations 2015SEBI (Prohibition of Insider Trading) Regulations 2015

Securities and Exchange Board of India (SEBI)Securities and Exchange Board of India (SEBI)

unpublished price sensitive information (UPSI)unpublished price sensitive information (UPSI)

Leela Samson resigns as Chairperson of Central Board of FilmCertification

January 16, 2015 No comments

Chairperson of Central Board of Film Certi0cation (CBFC)

Samson has resigned.

She resigned after Film Certi0cation Appellate Tribunal (FCAT)

cleared the controversial 0lm Messenger of God featuring Dera

Saccha Sauda chief Gurmeet Ram Rahim Singh in lead role.

The Censor Board headed by Ms. Samson had earlier denied

the clearance certi0cate to the 0lm saying that the movie depicts Gurmeet Ram

Rahim Singh as a God.

Film Certification Appellate Tribunal (FCAT)Film Certification Appellate Tribunal (FCAT)Film Certification Appellate Tribunal (FCAT)Film Certification Appellate Tribunal (FCAT)

FCAT is a statutory body. It has been constituted under the provisions of the

Cinematograph Act, 1952.

It comes under the aegis of Ministry of Information and Broadcasting.

Headquarters: New Delhi.

The Tribunal has a Secretary to look after its day to day affairs.

Function: It hears the appeals 0led as per provisions of Cinematograph Act. Any

applicant can 0le an appeal before the tribunal for a certi0cate in respect of a

who is aggrieved by an order of the Central Board of Film Certi0cation (CBFC).

Leela SamsonLeela SamsonLeela SamsonLeela Samson

She is a Bharatanatyam dancer, choreographer, instructor and writer.

She is recipient of the many awards for her contributions to Bharatanatyam. It

includes Padma Shri (1990), Kalaimamani (2005) given by Government of Tamil

Nadu, and the Sangeet Natak Akademi Award (1999–2000).

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