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Section 15g – The Securities and Exchange Board of India Act, 1992

The Securities and Exchange Board of India Act, 1992

 

15G. PENALTY FOR INSIDER TRADING.

 

If any insider who, –

 

(i) either on his own behalf or on behalf of any other person, deals in securities of a body corporate listed on any stock exchange on the basis of any unpublished price-sensitive information; or

 

(ii) communicates any unpublished price-sensitive information to any person, with or without his request for such information except as required in the ordinary course of business or under any law; or

 

(iii) counsels, or procures for any other person to deal in any securities of any body corporate on the basis of unpublished price-sensitive information, shall be liable to a penalty not exceeding five lakh rupees.

 

 

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The Securities and Exchange Board of India Act, 1992

 

Indian Laws – Bare Acts

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