Unpublished Price Sensitive Information company security law 2013 notes


Posted on 12-05-2016        By ADMIN

Unpublished Price Sensitive Information company security law 2013 notes CS Professional New Syllabus Guidance Note on SS Notes on items of business which are in the nature of Unpublished Price Sensitive Information may be given at a shorter period of time than stated above, with the consent of a majority of the Directors, which shall include at least one Independent “Shorter period of time” in this case means any period of less than seven days and also includes tabling at the Meeting. Majority of Directors for this purpose means majority of the total strength of the Exemption from seven days’ period has been given in respect of notes on items of business which are in the nature of Unpublished Price Sensitive Information (UPSI), subject to certain conditions as stated above. Where the company has Independent Director(s) and, if none of the Independent Directors consents to the giving of Notes on items of Agenda which are in the nature of Unpublished Price Sensitive Information (UPSI) at a shorter Notice, the said Notes should not be given at shorter Notice. “unpublished price sensitive information” means any information, relating to a company or its securities, directly or indirectly, that is not generally available which upon becoming generally available, is likely to materially affect the price of the securities


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