Business Ethics Violations — Prelims Strategy

Prelims Strategy

For Prelims preparation, focus on memorizing specific legal provisions, regulatory agencies, and their mandates. Key facts to remember include: SEBI (Prohibition of Insider Trading) Regulations 2015, Companies Act 2013 Section 447 (fraud definition), Prevention of Corruption Act 2018 amendments, SFIO establishment and powers, Whistleblowers Protection Act 2014 provisions.

Create a timeline of major cases with years: Harshad Mehta (1992), Ketan Parekh (2001), Satyam (2009), IL&FS (2018), Yes Bank (2020). Practice elimination techniques by understanding the specific roles of different agencies - SEBI for securities markets, SFIO for corporate fraud, ED for money laundering, CBI for general crimes.

Common traps include confusing legitimate insider trading (with disclosure) with illegal insider trading, mixing up different types of financial crimes, and attributing wrong reforms to specific cases.

Focus on recent amendments and their key provisions rather than historical evolution. Use mnemonics for remembering multiple regulatory frameworks and their coverage areas.