INSIDER TRADING IN INDIA - RULES TILL NOW
DOI:
https://doi.org/10.29121/granthaalayah.v8.i9.2020.1072Keywords:
Insider trading;, corporate fraud, company lawAbstract [English]
This paper analyses the lose threads amongst the SEBI (“Securities and Exchange Board of India”) as a regulatory authority (“regulator”) who are required enforce the laws and reforms to efface insider trading in the Indian economy. The paper focuses on the role of regulatory authority dealing with the cases of insider trading and the elements that might lead to delay in the resolving the matters which leads to piling up of unresolved matters in insider trading leading to disturbing the economy and loss of faith of investors on the trading activities of stock market.
Downloads
References
Bhabha Committee Report. (1952). Report of Company Law Committee. Retrieved from http://reports.mca.gov.in/Reports/22 Bhabha%20committee%20report%20on%20Company%20law%20committee,%201952. Page74.
Burugula, P. & Manikandan, A., (2020, January 01). SEBI Keeping Tabs on Social Media For Insider Trading Clues, The Economic Times, Retrieved From http://economictimes.indiatimes.comhttps://economictimes.indiatimes.com/markets/stocks/news/sebi-keeping-tabs-on-social-media-for-insider-trading-clues/printarticle/73053225.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Chapter VA inserted by SEBI (Amendment) Act (2002)
Das, S. & Sahu S. (2015). The Know-All of Insider Trading – Decades of Corruptive Prevention. Retrieved from https://www.lawctopus.com/academike/know-insider-trading-decades-corruptive-prevention/.
Jayshree P. (2020, January 28). Rakesh Jhunjhunwala summoned by SEBI over Aptech insider trades. Livemint. Retrieved from https://www.livemint.com/market/stock-market-news/how-india-cracks-down-on-insider-trading-11580199120367.html
Rakesh Jhunjhunwala under SEBI scanner over insider trading in Aptech. (2020, January 28 2020). Moneycontrol News. Retrieved from https://www.moneycontrol.com/news/business/rakesh-jhunjhunwala-under-sebi-scanner-over-insider-trading-in-aptech-report-4865551.html
Sachar, R. & Dr. M. Afzal Wani, (2017, January). Regulation of Insider Trading in India: Dissecting The Difficulties and Solutions Ahead. Journal on Contemporary Issues of Law (JCIL) Vol. 2 Issue 11.
Sacher, R. (1978). Report or the High-Powered Expert Committee on Companies Act and MRTP Act. Ministry of Law, Justice and Company Affair. Retrieved from http://reports.mca.gov.in/Reports/30-Rajindar%20Sacher%20committee%20report%20of%20the%20High-powered%20expert%20committee%20on%20Companies%20&%20MRTP%20Acts,%201978. Para 8.23.
SEBI Act (1992)
SEBI Annual Report 18-19. (2019). page 190.
Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, (2015)
Securities and Exchange Board of India. (2019, August 30) Adjudication order no. (ADJUDICATION ORDER NO. AO/SBM/EAD-1/12/2019). page 28.
Thomas, P.J. (1948). Report on the Regulation of the Stock Exchanges in India. Securities and Exchange Board of India. Retrieved from http://www.mca.gov.in/MinistryV2/library.html. Para 63. Page 68.
Zachariah, R. (2020, January 28). Rakesh Jhunjhunwala under SEBI lens for ‘Insider Trading. Economic Times. Retrieved from https://economictimes.indiatimes.com/markets/stocks/news/rakesh-jhunjhunwala-under-sebi-lens-for-insider-trading/articleshow/73682542.cms
Published
How to Cite
Issue
Section
License
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.