Landmark case · Law of Investments and Securities · Semester 6

Reliance Industries insider-trading line (RIL–RPL)

SEBI / SAT enforcement · Supreme Court of India

Group-company dealing around unpublished corporate information is tested as insider trading and fraudulent trade practice.

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Related sections:

Securities and Exchange Board of India Act, 1992, 12A — Prohibition of manipulative and deceptive devices, insider trading and substantial acquisition
Securities and Exchange Board of India Act, 1992, 15G — Penalty for insider trading
SEBI (Prohibition of Insider Trading) Regulations, 2015, 2(1)(n) / 3–4 — UPSI and prohibition on insider trading
Companies Act, 2013, 195 — Prohibition on insider trading of securities (omitted; field occupied by SEBI PIT)