SAT upholds SEBI’s order for disgorgement of wrongful gains made by an appellant from insider trading

COMPANY LAW/SEBI : Where appellant was aware that its company's tender was found to be lowest and thus, was in possession of price sensitive information and had traded in scrip of company by purchasing shares during UPSI period, same was in violation of regulation 4 of PIT Regulations and, thus, SEBI rightly found appellant guilty and rightly passed order of disgorgement of wrongful gains made by him

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000318625/sat-upholds-sebi’s-order-for-disgorgement-of-wrongful-gains-made-by-an-appellant-from-insider-trading.aspx
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