INVESTMENTS AND SECURITIES ACT
Section 113: Actions not prohibited by sections 111 and 112 as dealings in securities by insiders.
The provisions of sections 111 and 112 of this Act do not prohibit a person by reason of his having any information from:(a) doing any particular thing otherwise than with a view to the making of a profit or the avoidance of a loss (whether for himself or another person) by the use of that information ;
(b) entering into a transaction in the course of the exercise in good faith of his functions as a liquidator, receiver or trustee in bankruptcy;
(c) doing any particular thing if the information:
(i) was obtained by him in the course of a business of a stockbroker in which he was engaged or employed, or
(ii) was of a description which it would be reasonable to expect him to obtain in the ordinary course af that business, and he does that thing in good faith in the course of that business; or
(d) doing any particular thing in relatian to any particular securities, if the information was of a description which it would be reasonable to expect him to obtain in the ordinary course of that business and he does that thing in good faith in the course of that business.
Cite this section
Section 113, INVESTMENTS AND SECURITIES ACT (2007).
https://repo.podus.ai/laws/investments-and-securities-act/section/113/