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on behalf of any other person, deals in securities of a body corporate listed on any stock exchange on the basis of any unpublished price-sensitive information; or
(ii) communicates any unpublished price-sensitive information to any person, with or without his request for such information except as required in the ordinary course of business or under any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(iii) counsels, or procures for any other person to deal in any securities of any body corporate on the basis of unpublished price-sensitive information, shall be liable to a penalty not exceeding five lakh rupees.
The Securities and Exchange Board of India Act, 1992
