Editing Insider trading (section)

===India===
Insider trading in India is an offense according to Sections 12A and 15G of the [[Securities and Exchange Board of India Act, 1992]], and the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Insider trading is when one with access to non-public, price-sensitive information about the securities of the company subscribes, buys, sells, or deals, or agrees to do so or counsels another to do so as principal or agent. Price-sensitive information is information that materially affects the value of the securities. The penalty for insider trading is imprisonment, which may extend to five years, and a minimum of five [[lakh]] [[rupee]]s (500,000) to 25 [[crore]] rupees (250&nbsp;million) or three times the profit made, whichever is higher.<ref>{{Citation |title=The Companies Act |year=2013 |publisher=Ministry Of Corporate Affairs, Government of India |url=http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf |archive-url=https://web.archive.org/web/20131205215453/http://mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf |archive-date=5 December 2013 |url-status=live}}</ref>

''The Wall Street Journal'', in a 2014 article entitled "Why It's Hard to Catch India's Insider Trading", said that despite a widespread belief that insider trading takes place on a regular basis in India, there were few examples of insider traders being prosecuted in India.<ref name=autogenerated5>{{Cite news| url=https://blogs.wsj.com/indiarealtime/2014/04/21/why-is-it-tough-to-catch-insider-trading-in-india/| title=Why It's Hard to Catch India's Insider Trading| newspaper=Wall Street Journal| date=21 April 2014| access-date=23 August 2019| archive-date=23 August 2019| archive-url=https://web.archive.org/web/20190823064045/https://blogs.wsj.com/indiarealtime/2014/04/21/why-is-it-tough-to-catch-insider-trading-in-india/| url-status=live| last1=Machado| first1=Kenan}}</ref> One former top regulator said that in India insider trading is deeply rooted and especially rampant because regulators do not have the tools to address it.<ref name=autogenerated5 /> In the few cases where prosecution has taken place, cases have sometimes taken more than a decade to reach trial, and punishments have been light; and despite SEBI by law having the ability to demand penalties of up to $4&nbsp;million, the few fines that were levied for insider trading have usually been under $200,000.<ref name=autogenerated5 />