This handbook extensively covers the Securities and Exchange Board of India’s (SEBI) regulatory framework for Prohibition of Insider Trading (PIT). Structured into five comprehensive divisions, it covers the SEBI (PIT) Regulations 2015, the Master Circular on Surveillance, other Circulars, informal guidance, and relevant case laws. This book will be helpful for legal practitioners, compliance officers, finance professionals, and scholars.

Description

This detailed handbook presents the regulatory framework established by the Securities and Exchange Board of India (SEBI) for the Prohibition of Insider Trading (PIT).

This book will be helpful for corporate professionals, compliance officers, legal practitioners, Board of Directors, Promoters, and Key Managerial Personnel to understand and adhere to the obligations imposed by SEBI against insider trading.

It is structured into five comprehensive divisions, providing extensive analysis and practical guidance on the subject:

• Division One – SEBI (Prohibition of Insider Trading) Regulations, 2015
• Division Two – Master Circular on Surveillance of Securities Market
• Division Three – Other Circulars
• Division Four – Informal Guidance on Insider Trading
• Division Five – Case Laws

The Present Publication is the Latest Edition, updated till 10^th May 2024. This book is edited/authored by Taxmann’s Editorial Board, with the following coverage:

• [SEBI (PIT) Regulations, 2015] This division includes an arrangement of regulations for easy navigation and provides the complete text of the SEBI (Prohibition of Insider Trading) Regulations, 2015, serving as a foundational legal framework designed to prevent insider trading and ensure market integrity
• [Master Circular on Surveillance of Securities Market] This division features the full text of the Master Circular on Surveillance of Securities Market. It outlines the procedures and measures implemented by SEBI to monitor and oversee market activities, ensuring compliance and detecting irregularities.
• [Other Circulars] This division compiles various other circulars issued by SEBI
• [Informal Guidance on Insider Trading] This division presents the informal guidance provided by SEBI, providing practical advice and interpretations for market participants
• [Case Laws] This division presents a curated collection of case laws related to insider trading that interpret and elucidate the regulations

Taxmann’s Editorial Board

At the heart of Taxmann Publications lies the Research & Editorial Team, established from a cadre of Chartered Accountants, Company Secretaries, and Lawyers. This group, operating under the guidance of Editor-In-Chief Mr Rakesh Bhargava, is the cornerstone of Taxmann’s commitment to delivering unparalleled content accuracy and reliability.

The team’s mission is anchored in the principles of the Six Sigma methodology, with a steadfast goal of eradicating errors and upholding the highest standards of excellence in all publications and research outputs. Their rigorous content development process is informed by core guidelines, ensuring every piece of work is authoritative and insightful. These guidelines include:

• Sourcing – All statutory materials are derived exclusively from authorized and credible sources, guaranteeing the integrity of the information provided
• Current Awareness – The team prioritizes keeping readers well-informed of the latest judicial and legislative developments, ensuring content is both timely and relevant
• Analytical Insights – Special emphasis is placed on crafting analytical pieces on topical, contentious, and impactful issues, aiding readers in comprehensively understanding the nuances and implications of recent events
• Clarity and Accuracy – Taxmann pledges that every publication is thorough, precise, and articulated with clarity, serving as a reliable reference for complex subjects
• Evidence-based Referencing – Assertions and analyses are meticulously backed with references to relevant sections, circulars, notifications, or citations, enhancing the content’s credibility
• Quality and Consistency – Adherence to the golden rules of grammar, style, and consistency is non-negotiable, ensuring a seamless and engaging reading experience
• Accessibility – The choice of font and size across all print and digital mediums is dictated by legibility and consistency, making information accessible to all readers