NCLT can set aside Fraudulent Initiation of CIRP when Hearing Appeal u/s 61: NCLAT

SEBI revised its insider trading regulations to clarify the definition of "relative" and expanded the list of "connected persons." The amendments aim to enhance transparency in the securities market by providing more clarity on who qualifies as a relative or connected person under the regulations. By broadening the scope of individuals who are considered connected persons, SEBI aims to strengthen its oversight of insider trading activities and prevent market abuse. The revised regulations are expected to improve compliance and create a more robust framework for detecting and addressing illegal trading practices in the stock market.