Section 194 · Chapter XII, Meetings of Board and Its Powers
Prohibition on forward dealings in securities of company by director or key managerial personnel. [omitted]
Omitted
📚 Law Minded summary
This section no longer exists. It was omitted by the Companies (Amendment) Act, 2017, with effect from February 2018.
It used to prohibit directors and key managerial personnel from forward dealing in the company's securities. That conduct is now dealt with under SEBI's regulations rather than this Act.
Section 194. Prohibition on forward dealings in securities of company by director or key managerial
personnel. [omitted]
by the Companies (Amendment) Act, 2017 (1 of 2018), s. 64 (w.e.f. 9-2-2018).
All sections in Chapter XII — Meetings of Board and Its Powers