“With effect from April 01, 2019, “structured digital database” containing the names of such persons or entities as the case may be with whom information is shared under this regulation along with the Permanent Account Number or any other identifier authorized by law where Permanent Account Number is not available. Such databases shall be maintained with adequate internal controls and checks such as time stamping and audit trails to ensure non-tampering of the database.”
Regulation 3(5) of SEBI (Prohibition of Insider Trading) Regulations, 2015, with Amendment Regulations, announced in 2018.
I-Track is providing a solution to the company to track Insider Trading. Insider Trading essentially denotes dealing in a company’s securities on the basis of confidential information relating to the company which is not published or not known to the public (known as unpublished price sensitive information), used to make profits or avoid loss. It is fairly a breach of fiduciary duties of officers of a company or connected persons as defined under the Securities
Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, towards the shareholders.
An ‘unpublished price sensitive information’ means information relating to the present or probable future state of the company, that can potentially affect the value of the securities of the company in the market, that has not been available to the public. By the use of such material non-public information, the insider himself, or the person to whom the information is made available, can trade in the securities of the company for his own benefit, thus causing a loss to those who do not possess such information.
To avoid all these hassles, I-Track provides the solution for a company to maintain the standard data of their connected persons and their immediate relatives. I-Track provides access to the compliance officer to track the insider trader also has the rights to close the trading window.
Regulation 3(5) of SEBI (Prohibition of Insider Trading) Regulations, 2015, with Amendment Regulations, announced in 2018.
I-Track is providing a solution to the company to track Insider Trading. Insider Trading essentially denotes dealing in a company’s securities on the basis of confidential information relating to the company which is not published or not known to the public (known as unpublished price sensitive information), used to make profits or avoid loss. It is fairly a breach of fiduciary duties of officers of a company or connected persons as defined under the Securities
Exchange Board of India (Prohibition of Insider Trading) Regulations, 1992, towards the shareholders.
An ‘unpublished price sensitive information’ means information relating to the present or probable future state of the company, that can potentially affect the value of the securities of the company in the market, that has not been available to the public. By the use of such material non-public information, the insider himself, or the person to whom the information is made available, can trade in the securities of the company for his own benefit, thus causing a loss to those who do not possess such information.
To avoid all these hassles, I-Track provides the solution for a company to maintain the standard data of their connected persons and their immediate relatives. I-Track provides access to the compliance officer to track the insider trader also has the rights to close the trading window.
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