16-May-2024 12:10 PM
Can a CFO, who has not reported to the Board of Directors, act as a Compliance Officer and update the Board on the transactions related to Insider Trading ?
Regulation 2(c) clearly specifies that Compliance Officer means any senior officer, designated so and reporting to the board of directors. Thus, CFO of the company who is not reporting to the Board of Directors cannot act Compliance Officer under the Insider Regulations.
Answer given by Shubhamm Sir at 28-May-2024 09:33 PM
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