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Securities Law QS in CS

Sachchidananda Ghosal (MBA(Finance) PGPBM-Banking & Insurance B.Com) (167 Points)

07 February 2011

WHICH IS TRUE OF FALSE

1) EVERY MEMORANDUM OF APPEAL SHALL BE IN TRIPLICATE AND ACCOMPANIED WITH COPIES OF THE ORDER , AT LEAST ONE OF WHICH SHALL BE CERTIFIED COPY ,AGAINST WHICH THE APPEAL IS FILED

2) In case of insider trading ,an insider shall be liable for penalty of. 25 lac or the amount of profit made out of insider trading

3) Whistle blower policy is a mechanism which deals with the performance evaluation of non-executive directors by a peer group.

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4 Replies

v@m$h! (CA - Final and CS - Final) (1473 Points)
Replied 07 February 2011

1. True

Memorandum of Appeal should be in triplicate and should accompany the copies of the order. Atleast one should be a certified one against one whic it is filed.

2. False

In case of insider trading, an insider shall be liable to pay 25 crores or 3 times the profits which ever is higher.

3. False

Whistle blower policy is a mechanism for employees to report to the management concerns about unethical behaviour , actual or suspected fraud or violation of the company's code of conduct etc.

regards

vamshi

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