Brewing Insider Trading Provision in India with E-Governance

Abstract

Electronic governance is a recent and developing field of importance in both the “public” and “private” sectors. It is diverse and complex, in terms of degree, emphasis, importance, and validity. Regulatory authorities and policymakers have gradually shifted to make E-governance practices obligatory with the emergence of major fraudulent activities in the Indian and multinational stock markets and have added fines for breaching these corporate governance regulations.' In the insider trading sense, this paper approaches the need for combining corporate governance with disciplinary regulations in India. The researchers in this paper are attempting to unravel the link between insider trading and E-governance and to address the impact of e-governance on insider trading. This paper explores some major case laws in the scope of insider trading. The paper also suggests that some specific and
formal standards be adopted in order to improvise E-governance and to better track insider trading in India.