SEBI’S POOR PERFORMANCE AND SUGGESTIONS FOR IMPROVEMENT
The SEBI, the designated capital market regulator has a sort of mixed record in fostering and nurturing corporate governance in the Indian corporate sector. Since its inception in 1992, SEBI has registered substantial growth in its stature and reach. Presently, its regulatory framework is robust. It has also played a significant role in creating the country’s capital market infrastructure that is recognized as one of the more advanced in the world. If SEBI’s growth and reach over the past five years have been significant, its failure too has been spectacular. S. Vaidya Nathan lists the following failures:13
- Poor tackling of price manipulation and insider trading issues: ‘Insider trading ...
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