Bid to curb insider trading
By Our Markets Bureau | 02 Dec 2003
New
Delhi: Indian Finance Minister Jaswant Singh has said
that his government will take "all necessary steps"
to curb insider trading.
Addressing the Parliamentary Consultative Committee of his ministry here, Singh said the human resources and technological capabilities of the Securities and Exchange Board of India (SEBI) will be augmented to keep pace with the expansion of its regulatory powers.
Noting
that SEBI had already put in place a 100-per cent dematerialised
and online trading platform, Singh said the system of
quarterly disclosure of results by companies is a global
practice that is in investor interest.