Published in:
Business Standard
Pubished on:
12 Mar 2016
Coming out with strict steps to protect investor interest,Sebi today decided to bar wilful defaulters from raising public money as well as holding board positions, besides making it must for listed firms to disclose impact of audit qualifications in a separate document.
To curb malpractices in the securities and commodities markets, the watchdog will boost surveillance mechanism and enhance the supervision of brokers and other intermediaries.
Sebi has also identified various focus areas for the next fiscal that includes enhanced surveillance mechanism, increased supervision of market intermediaries and encourage ease of doing business through system-driven disclosures.