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TMI BlogSecurities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2021X X X X Extracts X X X X X X X X Extracts X X X X ..... TIONS, 2021 No. SEBI/LAD-NRO/GN/2021/37.-In exercise of the powers conferred under section 30 read with clause (g) of sub-section (2) of section 11 and clauses (d) and (e) of section 12A of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to amend the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omitted; (b) after sub-regulation (1), a new sub-regulation (1A) shall be inserted, namely, - "(1A) If the total reward payable is less than or equal to Rupees One Crore, the Board may grant the said reward upon the issuance of the final order by the Board: Provided that in case the total reward payable is more than Rupees One Crore, the Board may grant an interim reward not exceeding Rupee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Amount Payable as Interim Reward (on the issuance of final order by the Board against the person directed to disgorge) = Total Reward Payable (B) or ₹ 1.00 Crore, whichever is less. 1.00 1.00 D. Balance Amount of Reward Payable (B - C). 9.00 1.00 NIL because the entire reward was paid after passing of final order E. Minimum Amount to be collected / recovered by SEBI, for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... December 31, 2018 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/ 2018/59. ii. January 21, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/ 2019/02. iii. July 25, 2019 by the Securities and Exchange Board of India (Pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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