Wednesday, May 28, 2008

A Progress Report on SEBI's Recent Initiatives

LiveMint carries a report analyzing SEBI’s progress under its new chairman, Mr. C. B. Bhave, who completes 100 days in office. While several initiatives have been taken in the primary and secondary markets, there seems to be a lot to be done as far as legal and investigation matters are concerned. The report states that “[t]he need to strengthen Sebi’s investigation and legal wings arises because instances of the appellate body, the Securities Appellate Tribunal or SAT, setting aside Sebi orders have been on the rise.”

Incidentally, SEBI has announced a few weeks ago that it invites applications for the Post of Executive Director (Legal) on contract or on deputation basis.

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