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Analysing Insider Trading In India: Is Sebi Still Missing Teeth?

Shaurya Singh, Jindal Global Law School


The Securities and Exchange Board of India (SEBI) has gone through its own ‘Beta to Alpha’ transformation. From being a non-statutory body in the 1980s to a statutory body with quasi-judicial, quasi-legislative, and quasi- executive powers today. But despite several amendments and regulations over the years the cases of insider trading are piling up at an ever-increasing rate. Insider trading refers to buying or selling publicly traded securities based on Unpublished Price Sensitive Information (UPSI) in order to acquire an unfair advantage over other investors to make a profit or prevent a loss. This article analyses the offense of Insider Trading and attempts to explain why India's capital markets regulator still remains ‘toothless’ in such cases.


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

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​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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