SEBI Conflict Code: Legally a Grey Area

Why does SEBI, India’s securities regulator, follow a conflict of interest code that’s voluntary and possibly outdated? With Parliament’s Public Accounts Committee investigating claims of regulatory conflicts, Sucheta Dalal dives into the origins and implications of SEBI’s 2008 Conflict Code. She questions why SEBI’s standards differ from other regulatory bodies and explores the legal uncertainties surrounding the Code’s validity. Watch now to uncover why SEBI’s code could be ‘a riddle wrapped in a mystery inside an enigma’ and what it means for market integrity.

#sebi #moneylife #suchetadalal

[sphb]

Instead of holding press conferences, INC should take this matter to court.

[estherchandy]

Saw some old photos and articles about you. Still a fire crackers after all these years. Doff my hat to you, Ma'am. Beautiful, smart, principled!❤

[SammeerSRaawat]

You are one of the best reporter and analyst of all financial institutions having huge impact on all of us.

Keep it up!

[ExquisiteKorpse]

IAS has its own set of problems but an IAS appointee would likely not fall for such blatant conflict of interest controversies. Buch cannot fall because it will make the Appointments Committee of Cabinet (chaired by PM) look bad, especially after UPSC chairman had to resign recently over “personal reasons”.

[renukaviswanathan]

Just a correction. I think Dr Gopal was a SEBI member when Manmohan Singh was PM not FM. The letter was sent by Dr Gopal to the then PM.

[muditjain]

When the judge and prosecutor are one, there is no need for courts to

[sunder]

Continutioally Buchring sanctity of investment regulations and insider trading norms.

[renukaviswanathan]

The PAC usually debates audit reports placed before it by the CAG. The CAG has not done an audit of SEBI. It will be interesting to see if PAC opens up the possibility of a discussion on other important financial issues. Will the Speaker have to decide whether they can do it?

[vishaalbhatnagar]

Thanks. Very well researched and explained

[Munjeet_Anath]

What good can you expect from Mr. Venu Gopal ?

[MiteshTake]

Madam, rather than just sending an email, please file a request under the RTI Act. This will ensure that SEBI provides you with the necessary details.

[sanjaymittal]

No one talking about this issue, rarely i will see 1 line reporting sebi not appear to PAC but this in detail can ne only seen here with our own sucheta dalal street

[ukuk]

Compliant V Transparency V Conflict of interest?

[subrex]

Who will shave the barber? SEBI must be accountable like other Regulatory Authorities to the Government.

[NRVAPPASAMY]

Madam

I have a request.

SEBI amended the rights issue rules during corana that the companies can collect funds of less than 50 cr without any scrutiny or there is no need to inform about the use of funds in Quarterly reports.

Many companies in Gujarat and Rajasthan raise funds of 49 crore at a discounted price and promoters selling their shares at a higher price and vanish after raising sell proceeds + 49 crore as a gift by SEBI.

Examples are too many. Most of the companies are doing it and it is rising day by day.

Akshar Spintex.

A big company like Patel Eng started it but promoters disclosed it, but others are not.

On the otherhand,

I wonder how these companies with no promoter raise funds with rights issue.

[ukuk]

Uday Kotaak ILF&S Government appointment. Private babackgrounds 😊

[ravindersabharwal]

I think you’re going through this case three-four times already.But I don’t know why sebi board shielding sebi chairman.

[bm]

Thanks Madam

With corrupt politicians in control of the government then one need not expect regulators to be above board.
I find all regulators not following moral responsibility and true to their oath of office, this also includes the SC

[srinivasrao]

SEBI Holding us all investors in a risk
Government not taking it seriously
As Godi media channels don't talk on it
Our Government does not hv to worry on any issues which will affect the citizens
All the News channels work as a Doordarshan for the government
INDIA TODAY TV
REPUBLIC Tv
CNN
NDTV
TIMES NOW

[ukuk]

Independence of board paramount + who appoint them