The Companies Act, 2013 Section 195 Prohibition on insider trading of securities (omitted) Chapter XII · Meetings of Board and its Powers 195. [Prohibition on insider trading of securities.] Omitted by s. 65, ibid. (w.e.f. 9-2-2018). Copy text 195. [Prohibition on insider trading of securities.] Omitted by s. 65, ibid. (w.e.f. 9-2-2018).