Regulatory framework for Prohibition of Insider
Trading &
Takeover of Listed Companies in the Indian securities
market
Program
Overview
Insider trading means trading of a corporate’s
securities by the insiders, viz. directors, management
personnel, shareholders, etc. of the corporate based
on some unpublished price sensitive information.
Insider trading brings prices closer to their fair
values; insiders enhance market efficiency. Thus, mere
Insider trading may be perfectly legal, but the term
assumes notoriety when such trading takes place based
on material non-public information obtained during the
performance of the insider's duties at the corporate
or misappropriated otherwise. However, the
prevention of insider trading is widely treated as an
important function of securities regulation.
Accordingly, the securities market regulators, all
over the world, have been making efforts to put in
place a proper regulatory framework to prevent insider
trading.
Takeover of companies is one of the most important
corporate restructuring tools. It is a well accepted
and established strategy for corporate growth. A
takeover bid is generally understood to imply
acquisition of shares carrying voting rights in a
company, substantive enough to control the company, in
direct or indirect manner. The process of takeover
must provide equality of treatment and opportunity to
all shareholders and protection of interests of
minority shareholders. Most of the securities market
jurisdictions have put in place safeguards in the form
of regulations based on the principles of fairness,
transparency and equity. With the process of
liberalization and globalization of Indian economy,
the market for takeovers has become significantly
active.
As these concepts, viz. prohibition of insider trading
and takeover, have assumed significance in the Indian
corporate world, it is proposed to have a full day
work shop on November 17, 2007 (Saturday) to
understand the existing regulatory framework in
India, based on case studies.
Programme Schedule :
|
Duration |
Topic |
|
9.00 am to 9.30 am |
Registration |
|
9.30 am to 11.15 am
|
Introduction
,Overview of SEBI (Prohibition of Insider Trading)
Regulations, 1992 |
|
11.15 am to 11.30 am |
Tea Break |
|
11.30 am to 12.30 pm |
Case study |
|
12.30 pm to 01.00 pm |
Questions and Answers |
|
01.00 pm to 02.00 pm |
Lunch Break |
|
02.00 pm to 03.00 pm |
Compliance with SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations,
1997 |
|
03.00 pm to 03.15 pm |
Tea Break |
|
03.15 pm to 04.30 pm |
Case study |
|
04.30 pm to 05.00 pm |
Questions and Answers |
Registration Fee
Please send an email to
admin@princetona.in
with name of participant, company, contact details
and cheque no.
Registration fee is Rs. 7,000 + 12.36 % Service Tax(
Service Tax No- AADPB 6346D ST001)
per participant which includes lunch, tea, course
material etc.
Cheque should be drawn in favour of “Princeton
Academy Mumbai II”.
Payable at Mumbai.
