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Senior Samajwadi Party (SP) leader Mohammad Azam Khan and his son Abdullah Azam were on Monday convicted and sentenced to jail terms of seven years each by a special MP/MLA court here in a 2019 case related to obtaining two PAN cards using different dates of birth, a prosecution officer said. After the sentencing, Khan was taken from the Rampur court to the district jail under heavy security. While being taken to prison, he said, "What is there to say now? It is the court's decision." Asked about the court awarding a seven-year sentence each to him and his son, the 77-year-old leader replied, "It is fine. If they have considered me guilty, they have given the punishment." Delivering the verdict, Special Magistrate (MP/MLA Court) Shobhit Bansal held both father and son guilty after examining documentary evidence and witness testimonies, Prosecution Officer Rakesh Kumar Maurya, who represented the prosecution along with advocate Swadesh Sharma, told reporters. The veteran SP leader w
Markets regulator Sebi on Monday extended its automated trading window closure mechanism to include immediate relatives of designated persons (DPs) in listed companies, ahead of the declaration of financial results. This move aims to prevent inadvertent non-compliance with insider trading norms by ensuring that those who may have access to unpublished price-sensitive information (UPSI) such as quarterly results are prohibited from trading during specific periods. Earlier, the restriction applied only to DPs. Now, Sebi has extended the scope to cover their immediate relatives as well, according to its circular. As per Sebi's definition, an immediate relative includes a spouse, and also a parent, sibling, or child (of the person or the spouse), provided they are financially dependent or consult the person in decisions related to trading in securities. This move follows a system already in place for DPs, which uses PAN-based trading freeze. To ensure a smooth rollout, the implementa