Tag: Chitra Ramkrishna CEO of the National Stock Exchange

Insider Trading in India: Past Failures of SEBI & Tryst with Technology
India, Technology

Insider Trading in India: Past Failures of SEBI & Tryst with Technology

It is an instance of insider trading when someone working within the system leaks embargoed information or Unpublished Price-Sensitive Information (UPSI) to trade or help trade with external parties. In India, an inside trader applies to a person working in a publicly listed company who would buy or sell stock informed by inside data, including quarterly results, merger and acquisition, expansion or shutdown plans, or other significant activities. The Companies Act, 2013 and the SEBI Act, 1992 prohibit insider trading in India. To contain the wrongful act, in 2015, the SEBI (Securities & Exchange Board of India) formed the SEBI (Prohibition of Insider Trading) Regulation. According to the regulation, Insider trading in India is a punishable offense and subjected to legal probing...
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