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 ..... end the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 , namely: 1. These regulations may be called the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 , ─ (1) in regulation 7D , - (a) in sub-regulation (1), - (i) the words Upon collection or substantial recovery of the monetary sanctions amounting to at least twice the Reward, the shall be substituted with the word The ; (ii) in the first proviso, - (A) the words ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... maximum of ₹ 10.0 crores. 10.00 2.00 1.00 0.50 0.10 C. Maximum 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 019 vide No. SEBI/LAD-NRO/GN/ 2019/02. iii. July 25, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/ 2019/23. iv. September 17, 2019 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Third Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/ 2019/32. v. July 17, 2020 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/ 2020/23. vi. October 29, 2020 by the Securities and Exchange Board of India (Prohibition of Insider Trading) (Second Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/ 2020/38. vii. April 26, 2021 ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
