The SEBI board meeting minutes (“SEBI Press Release”) describe the sweeping changes released by SEBI with respect to SEBI (Prohibition of Insider Trading) Regulations (“1992 PIT Regulations”). SEBI (as the spectator) in seeking to eliminate asymmetry of information and capacity to deal in securities, through its reforms to the insider trading regulations and to ensure a level playing field for all market participants.
D-fraud has published an article on this subject written by us which can be accessed here.
COMMERCIAL LAW BLOG 