# The Securities and Exchange Board of India Act, 1992, Section 15G: Penalty for insider trading

- Act: The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992)
- In force from: 1992-01-30
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/sebi-act/section/15G/

## Text

1[15G. Penalty for insider trading.-- If any insider who, (i) either on his own behalf or on behalf of any other person, deals in securities of a body corporate listed on any stock exchange on the basis of any unpublished price sensitive information; or (ii) communicates any unpublished price sensitive information to any person, with or without his request for such information except as required in the ordinary course of business or under any law; or (iii) counsels, or procures for any other person to deal in any securities of any body corporate on the basis of unpublished price sensitive information, shall be liable to a penalty 2[which shall not be less than ten lakh rupees but which may extend to twenty-five crore rupees or three times the amount of profits made out of insider trading, whichever is higher].]

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