SEBI Act, 1992 Bare Act

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behalf of any other person, deals in securities of a body corporate listed on any stock exchange on the basis of any unpublished price-sensitive information; or

(ii) communicates any unpublished price-sensitive information to any person, with or without his request for such information except as required in the ordinary course of business or under any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(iii) counsels, or procures for any other person to deal in any securities of any body corporate on the basis of unpublished price-sensitive information,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.

SEBI Act, 1992 | Laws India

 
 
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