Most talked news of Mr.
Rajat Gupta indulgence in insider trading has once again insist people to
consider the existing laws on insider trading and their relevance in corporate
world. Insider trading
is basically the buying or selling of the securities of a listed public company
by a person who has unpublished price sensitive information relating to that
company. SEBI
(Prohibition of Insider Trading) Regulations, 1992 was introduced in india
for the first time to define and regulate insider trading. Regulation 3
prohibits an insider who is in possession of unpublished price sensitive
information for directly or indirectly dealing in securities of the company.
