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Under the lens

Shake things up! Supreme Court’s Adani panel wants sweeping reforms in Sebi’s functioning

Shake things up! Supreme Court’s Adani panel wants sweeping reforms in Sebi’s functioning
Shake things up! Supreme Court’s Adani panel wants sweeping reforms in Sebi’s functioning
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Sapre panel's recommendations can transform Sebi into a sharp and swift regulator; image credits: wikimedia.

Synopsis

From enforcement to investor protection and investigation to adjudication, the panel has suggested several radical measures. Market participants advise cautious and considered moves on some of these hard-hitting recommendations.

Last week, the Securities and Exchange Board of India (Sebi) settled a case of an illegal advisory firm run by social media influencer PR Sundar and his family. Sundar, his wife Mangayarkarasi and his firm Mansun Consultancy agreed to pay settlement fees of around INR15.6 lakh each in addition to disgorgement of INR6.07 crore. The settlement order shows that the show-cause notice was issued to the three entities over a year ago and the probe
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The Economic Times