SUPREME COURT STRICTURES SHOW HOW SEBI’S FAILURES SPAN BOTH COMMISSIONS AND OMISSIONS
INDEPENDENCE AND INTEGRITY OF MARKET REGULATOR HIT THEIR LOWEST POINTS IN HISTORY
13-11-2024 11:39 GMT-0000
-
Recent interventions by the Supreme Court into actions taken by the Securities and Exchange Board of India (SEBI) have underscored mounting concerns about systemic issues within the country’s chief market regulator. SEBI’s actions in several high-profile cases—particularly its record of imposing significant penalties and its alleged tendency to either delay or condone infractions by key market players—are sparking renewed questions about the agency’s decision-making processes and effectiveness. With SEBI Chief Madhabi Puri Buch herself now under scrutiny, facing allegations of misconduct and questionable financial dealings, public and judicial attention to the organization’s governance has intensified.