Mumbai Court orders FIR against top SEBI and stock market officials
A special Anti-Corruption court in Mumbai on Saturday ordered the registration of an FIR against high-ranking officials of the Securities […]
Sebi
SEBI clarifies prohibited associations in securities market
The circular, directed to all registered intermediaries, recognized stock exchanges, clearing corporations, and depositories, addresses critical aspects of the amended SEBI regulations
Victory for Sebi staff: Regulator withdraws controversial press release
Earlier, On 5 September, around 400 employees of the Sebi had protested silently at the organisation’s headquarters in Mumbai. The employees were protesting the Sebi’s clarification that their earlier letter to the finance ministry on unprofessional work culture is ‘misguided by external elements’. Earlier, Sebi had said that the allegations of toxic work culture in Sebi is misguided by external elements.
Did Sebi’s Madhabi Puri Buch invest in Chinese firms?
Also, the party has highlighted that it is deeply concerning to learn that Madhabi P. Buch, the SEBI Chairperson, has been investing in Chinese funds. When the Prime Minister of India can publicly give China a clean chit, it’s hardly surprising that a key regulatory figure is engaging in investments linked to China.
Will Sebi’s Madhabi Puri Buch step down and face an independent probe?
The Congress party has raised fresh set of allegations against the Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch saying the Sebi chief rented out her properties to Carol Info Services, a firm part of Wockhardt and against which is facing probe by the market regulator.
Sebi employee protest show the deep rot within
Toxic work culture is not accepted not only at a regulatory organisation but in any organization.
It is even more important when such charges arise at a regulatory institution. Sebi is the guardian of Indian investors in the securities market. It cannot operate in the shadow of accusations and mistrust. It is extremely important for Sebi to clean up its house and restore confidence among its own employees and investors.
Sebi Denies Claims of Unprofessional Work Culture
The statement came in the backdrop of media reports suggesting that employees of the Securities and Exchange Board of India (Sebi) had written a letter to the government on August 6, raising concerns over toxic work culture.
Did Madhabi Puri Buch disclose ICICI ESOP details to Sebi at the time of her appointment?
Earlier, Congress leader Pawan Khera on Monday raised serious concerns about Buch. In a press conference, Khera accused Buch of receiving remuneration not only from the government but also from private entities, including ICICI Bank and ICICI Prudential, while serving in her official capacity, marking this as a serious conflict of interest.
ICICI Bank says it hasn’t paid any salary, ESOPs to Madhabi Puri Bhuch post retirement
Further, ICICI Bank said it may be noted that she had opted for superannuation with effect from October 31, 2013. During her employment with the ICICI Group, she received compensation in the form of salary, retiral benefits, bonus and ESOPs, in line with applicable policies.
What happened to Sebi’s credibility?
Sebi’s refusal, in embracing an independent investigation and ask the Sebi chief to step aside during the period of the probe, sets a bad precedent. It raises serious questions on the very credibility of the regulator.