Section 15G: Penalty for insider trading.

The Securities and Exchange Board of India Act, 1992Central Act · Act 15 of 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on behalf of any other person, deals in securities of a body corporate listed on any stock exchange on the basis of any unpublished price sensitive information; or

(ii) communicates any unpublished price sensitive information to any person, with or without his request for such information except as required in the ordinary course of business or under any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(iii) counsels, or procures for any other person to deal in any securities of any body corporate on the basis of unpublished price sensitive information,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 [which shall not be less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of insider trading, whichever is higher].]

Where this provision sits

Act	The Securities and Exchange Board of India Act, 1992
Section	15G
Marginal note	Penalty for insider trading.
Jurisdiction	Central
Status	In force as published by the source
Judgments citing it	2

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

inserted, Act 9 of 1995. . Ins. by Act 9 of 1995, s. 9 (w.e.f. 25-1-1995). br
substituted, Act 27 of 2014. . Subs. by Act 27 of 2014, s.12, for certain words (w.e.f.8-2-2014).

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