File it, forget it? Lack of checks raises concerns over Sebi members’ disclosures
Disclosure requirements for board members at India’s capital market regulator are under the spotlight in the wake of impropriety charges by Hindenburg Research and the Opposition Congress against chairperson Madhabi Puri Buch, whose allegedly undeclared conflicts of interest lapses have lately come under attack. Rules require Securities and Exchange Board of India (Sebi) board members,…
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Regulator proposes faster credit and trading of bonus shares
The Securities and Exchange Board of India (Sebi) has proposed faster credit and trading of bonus shares. It has suggested to streamline and reduce timelines of bonus issue enabling T+ 2 trading of shares post record date. The move is aimed to reduce investors’ risk of market volatility due to any delay in credit of…
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