This research paper delves into the critical issue of insider trading within India’s securities markets and evaluates the effectiveness of the Securities and Exchange Board of India (SEBI) regulations, specifically the SEBI (Prohibition of Insider Trading) Regulations of 2015. Insider trading’s profound impact on market integrity and investor trust is highlighted, with a focus on the transition from the earlier 1992 regulations to more recent 2015 regulations. These rules are intended to address the shortcomings of the prior ones and reduce the likelihood of insider trading. Indian company legislation mandates the creation of a yearly account that summarizes the business's financial results for the previous year. It also mandates that the business disclose its assets and obligations at the conclusion of each bookkeeping period. To guarantee accountability in the business's administration, this has been made available. This meeting is held to monitor and evaluate the operations of the business. Nonetheless, some data is known to the employers of the business straightforwardly or who are generally associated with it before it is really disclosed. For instance, a chartered accountant audits the company's financial data; business directors make decisions; etc. Because they have access to this price-sensitive, unpublished information, those associated with the companies are in a better position than those who do not. insider trading, one of the most severe charges in the securities market, is the result of such a transaction. Considering this, the current study paper provides a critical analysis of SEBI's 2015 insider trading regulations and examines the concept of insider trading in India. The study also underscores the significance of annual reporting and discloser requirements imposed by Indian company legislation, which plays a crucial role in transparency and accountability. Furthermore, it examines the susceptibility of individuals associated with companies to access sensitive, price-sensitive information and the consequent risk of insider trading. Through case studies, the paper illustrates real-world examples of insider trading in India and its regulatory challenges. Ultimately, the study aims to provide insights into the current state of insider trading regulations in India and suggests areas for improvement to strengthen market integrity and investor protection.