As per Reg 7 of SEBI (Prohibition  of  Insider Trading) Regulations, 2015, what action may the Board take if information pertaining to a violation of Securities Laws is received in a manner not specified in the regulations?

Solution

As per Reg 7- (1) An Informant shall submit Original Information by furnishing the Voluntary Information Disclosure Form to the Office of Informant Protection of the Board in the format and manner set out in Schedule D. The Voluntary Information Disclosure Form May be submitted through informant’s legal representative:Provided that where the Informant does not submit the Voluntary Information Disclosure Form through a legal representative, the Board may require such Informant to appear in person to ascertain his/her identity and the veracity of the information so provided.Explanation. –Where any information pertaining to any violation of the Securities Laws is received in a manner not in accordance with the manner provided under these regulations, the Board may require such information to be filed with it in accordance with these regulations or reject the same.