Legitimate Purposes definition

Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider with the following, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations:

Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider with the Promoters of the Company, Auditors (Statutory, Internal, Branch, Cost, Secretarial, GST and any other Auditor as applicable), Staff Members of the Audit firm/team conducting the Audit, Collaborators, Lenders, Customers, Suppliers, Bankers, Legal Advisors, Insolvency Professionals, Consultants, Any other advisors/consultants/ partners, Any other person with whom UPSI is shared.

Legitimate Purposes means and includes any purpose which arises due to any legal or statutory requirement or any strategic corporate action or planning, whether or not the same is actually carried out, including but not limited to the following:

Examples of Legitimate Purposes in a sentence

• This Policy, as a part of "Codes of Fair Disclosure and Conduct” formulated under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations 2015, will be known as "Policy for Determination of Legitimate Purposes" hereinafter referred to as the "Policy”.

• PREFACE This Policy, as a part of "Codes of Fair Disclosure and Conduct” formulated under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations 2015, will be known as "Policy for Determination of Legitimate Purposes" hereinafter referred to as the "Policy”.

• Pursuant to the Insider Trading Regulations the Code also includes the Policy for Determination of Legitimate Purposes.

• Preface This Policy is an integral part of "Codes of Practices and Procedures for Fair Disclosure of UPSI” formulated under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations 2015, and will be known as "Policy for Determination of Legitimate Purposes" hereinafter referred to as the "Policy”.

• No UPSI shall be communicated to any person except in furtherance of Legitimate Purposes (in accordance with the policy for determination of Legitimate Purposes set out in Annexure 1), performance of duties or discharge of legal obligations.

More Definitions of Legitimate Purposes

Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider with the Partners, Collaborators, Lenders, Customers, Suppliers, Merchant Bankers, Legal Advisors, Auditors, Insolvency Professionals or other advisors or Consultants, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these Regulations.

Legitimate Purposes means sharing of unpublished price sensitive information in the ordinary course of business by an insider with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals or other advisors or consultants, provided that such sharing has not been carried out to evade or circumvent the prohibitions of the Regulations.

Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider with the following persons, where such communication is for performance of duties or discharge of legal obligations or for need-to-know basis etc., provided that such sharing has not been carried out to evade or circumvent the prohibitions of the Regulation:

Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider as defined in the Regulations with the following, provided that such sharing has not been carried out to evade or circumvent the prohibitions of the Regulations:

Legitimate Purposes means sharing of UPSI in the ordinary course of business on need to know basis by an insider with partners, collaborators, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, insolvency professionals or other advisors or consultants, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations.

Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider on a need to know basis with the following persons/entities, provided that such sharing has not been carried out to evade or circumvent the prohibitions of the SEBI PIT Regulations:

Legitimate Purposes means sharing of Unpublished Price Sensitive Information (UPSI) as provided hereunder in the ordinary course of business with the insider, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations:⮚ Sharing the relevant UPSI with consultant, advisors engaged by the Company in relation to the subject matter of the proposed deal/assignment in relation to UPSI;⮚ Sharing the relevant UPSI with intermediaries/fiduciaries viz. merchant bankers, legal advisors, auditors in order to avail professional services from them in relation to the subject matter of UPSI;⮚ Sharing the relevant UPSI with persons for legitimate business purpose, including in respect of the events set out in Schedule III to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;⮚ Sharing the relevant UPSI with persons who have expressly agreed in writing to keep the information confidential, such as potential customers, joint ventures partners and vendors and not to transact in the company’s securities on the basis of such information.⮚ Sharing the relevant UPSI in case mandatory for performance of duties or discharge of legal information.