This article has been written by Dharmvir Brahmbhatt and Devarsh Shah, students at Gujarat National Law University, Gujarat.
The Securities and Exchange Board of India (“SEBI”) has always understood the need to curb the cases of insider trading in India as, in the past, many such instances have stirred up the entire structure and system of the securities market. To keep the confidence of the investors in the market, a need for a regulation was felt that aids the proper functioning of the market, thereby boosting the economy of the country. The SEBI (Prohibition of Insider Trading Regulations), 2015 (“PIT Regulations, 2015”) was a major step taken by SEBI in this direction. However, even after