This detailed handbook presents the regulatory framework established by the Securities and Exchange Board of India (SEBI) for the Prohibition of Insider Trading (PIT).

This book will be helpful for corporate professionals, compliance officers, legal practitioners, Board of Directors, Promoters, and Key Managerial Personnel to understand and adhere to the obligations imposed by SEBI against insider trading.

It is structured into five comprehensive divisions, providing extensive analysis and practical guidance on the subject:

• Division One – SEBI (Prohibition of Insider Trading) Regulations, 2015
• Division Two – Master Circular on Surveillance of Securities Market
• Division Three – Other Circulars
• Division Four – Informal Guidance on Insider Trading
• Division Five – Case Laws

The Present Publication is the Latest Edition, updated till 10^th May 2024. This book is edited/authored by Taxmann's Editorial Board, with the following coverage:

• [SEBI (PIT) Regulations, 2015] This division includes an arrangement of regulations for easy navigation and provides the complete text of the SEBI (Prohibition of Insider Trading) Regulations, 2015, serving as a foundational legal framework designed to prevent insider trading and ensure market integrity
• [Master Circular on Surveillance of Securities Market] This division features the full text of the Master Circular on Surveillance of Securities Market. It outlines the procedures and measures implemented by SEBI to monitor and oversee market activities, ensuring compliance and detecting irregularities.
• [Other Circulars] This division compiles various other circulars issued by SEBI
• [Informal Guidance on Insider Trading] This division presents the informal guidance provided by SEBI, providing practical advice and interpretations for market participants
• [Case Laws] This division presents a curated collection of case laws related to insider trading that interpret and elucidate the regulations