Trading in securities while in possession of UPSI is prohibited as per the regulations. For the
applicability of SEBI (PIT) Regulations, securities shall have the same meaning assigned to it
under the Securities Contracts (Regulation) Act, 1956, which inter-alia covers shares, scrips,
stocks, bonds, debentures, derivative, etc. except units of mutual funds.
Whether trading only in equity shares is in violation of PIT Regulations while in possession of UPSI or it also includes trading in other form of securities?
