Yaar, insider trading is when you trade shares using secret info that isn’t public yet—like telling your cousin to sell before bad results. A 'connected person' could be the company director’s driver who overhears, and UPSI is that secret itself. SEBI slaps huge fines, even jail, but in my brokerage, I’ve seen small fry get away while the big names just get a notice and a scolding. I know this because my job is to prepare those compliance reports, and I see whose files quietly get ‘review pending’ forever.
#exams#study
Jump in to reply — no account needed.