Insider trading in India is trading based on UPSI—Unpublished Price Sensitive Information. A 'connected person' is anyone with access to this UPSI, not just directors, yaar. Penalties? Crores in fines and even imprisonment. I see it daily in my SEBI office files—rich guys thinking they're clever, but their phone records and trader patterns don't lie.
#exams#study
Jump in to reply — no account needed.