 "Sebi")
In 2019, the Securities and Exchange Board of India (Sebi) introduced the ‘informant mechanism’ to crackdown on the menace of insider trading. Initially, the regulator announced a reward of Rs 1 crore to any individual who provided credible information that led to prosecution.
The mechanism has not yet taken off. Last month, Sebi increased the reward from Rs 1 crore to Rs 10 crore and also streamlined the framework in a bid to give a fresh push.
“The suggested amendments are to streamline the process of reward payment, enhance the quantum and certainty of reward with an intent
The mechanism has not yet taken off. Last month, Sebi increased the reward from Rs 1 crore to Rs 10 crore and also streamlined the framework in a bid to give a fresh push.
“The suggested amendments are to streamline the process of reward payment, enhance the quantum and certainty of reward with an intent
