Madhabi Puri Buch News

stock market fraud and regulatory violations. The HC last month granted the interim stay on the special court's order, noting it was passed mechanically and no specific role was attributed to the accused. On Tuesday, Justice Shivkumar Dige noted that the original complainant in the case has filed an affidavit and granted time to Buch and others to go through the same. «The interim relief granted earlier shall continue until further orders,» Justice Dige said, posting the matter for further hearing on May 7. Last month, Buch, three current whole-time directors of the Securities and Exchange Board of India (Sebi) Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney, Bombay Stock Exchange's Managing Director and Chief Executive Officer Sundararaman Ramamurthy and BSE's former chairman and public interest director Pramod Agarwal moved the HC against the special court order.

Subscribe to enjoy similar stories. MUMBAI : Financial influencers registered with the Association of Mutual Funds in India (Amfi) may face scrutiny from the market regulator as it continues cracking down on social media creators spreading financial misinformation. The regulator is looking at harmonising the advertisement code for different types of Sebi-regulated entities, Tuhin Kanta Pandey, chairperson, Securities and Exchange Board of India (Sebi), told Mint on Saturday.

Sebi) will set up a committee to review conflict of interest rules for the members of its board, chairman Tuhin Kanta Pandey said on Monday. The Sebi board meeting on Monday also approved proposals to ease the compliance burden on foreign portfolio investors (FPIs) and rules on the appointment of key personnel at stock exchanges, clearing firms and depositories.

Sebi) is likely to discuss a framework for the disclosure of members' conflicts of interest at its first meeting under new chairman Tuhin Kanta Pandey on March 24, said people with knowledge of the matter. The board will also consider a proposal on the appointment process for key management personnel at market infrastructure institutions such as stock exchanges and easing rules for foreign portfolio investors (FPIs).

Subscribe to enjoy similar stories. A former chairperson of the Securities and Exchange Board of India (Sebi), three current whole-time members (WTMs), a former BSE chairman, and the current BSE managing director and CEO have filed petitions challenging a Mumbai court's order that called for the registration of a first information report (FIR) against them over an allegedly fraudulent listing of a company on BSE. Justice SG Dige of the Bombay High Court set to hear the petitions today.

Subscribe to enjoy similar stories. Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said on Friday that there was no need for the regulator to comment on the recent slump in mid- and small-cap stocks, pockets of the market whose high valuations had prompted her to raise concerns last year.

fraudulent intervention by any person, a senior Sebi official said on Thursday. «As a regulator we often come across cases of investors who have been conned by frauds in the market, who claim that they have invested their monies on behalf of the investor but those funds have just been siphoned off,» Sebi chief Madhabi Puri Buch said at the launch of unified investor apps by depositories NSDL and CDSL.

The Securities and Exchange Board of India (Sebi) has proposed an ambitious initiative to drive financial inclusion: Small-ticket systematic investment plans (SIPs) with a minimum monthly investment of ₹250. 

Subscribe to enjoy similar stories. Ramping up his efforts to be allowed a shot at bidding for embattled conglomerate Religare Enterprises, India-born US investor Digvijay ‘Danny’ Gaekwad has sought a “special exemption" under the country’s takeover code from India’s markets regulator.

Madhabi Puri Buch's tenure comes to end on February 28, the Ministry of Finance has invited applications from qualified candidates to head the country's markets regulator, the Securities and Exchange Board of India (SEBI). «The appointment shall be made for a maximum period of five years from the date of assumption of charge or till attaining the age of 65 years of the appointee, whichever is earlier,» the government job advertisement in a newspaper said today.

Subscribe to enjoy similar stories. A day before curtains rise on the Burman family's open offer for Religare Enterprises Ltd, Indian-American businessman Digvijay Danny Gaekwad sought to expand his counter-offer for the financial conglomerate; however, the late entry may not pass regulatory muster, said two people close to decision-making at the Securities and Exchange Board of India (Sebi), and three experts in securities law. Gaekwad, who wrote to Sebi chair Madhabi Puri Buch on Friday for permission to launch an open offer for 26% in Religare on Sunday revised his offer to at least 55%.

Religare Enterprises (REL).

Sebi) plans to introduce a trading window for soon-to-be-listed shares to curb unofficial grey market transactions between the closing day of the initial public offerings (IPOs) and the listing day, said chairperson Madhabi Puri Buch. Speaking at an event in Mumbai on Tuesday, Buch said, Sebi aims to create a structured and regulated platform for securities trading within a controlled framework, eliminating the need for informal market practices.

Hindenburg Research, the US short seller that mounted an attack on the Adani Group and Sebi chief Madhabi Puri Buch, is shutting down. Founder Nate Anderson did not specify any one reason to disband it. «There is not one specific thing — no particular threat, no health issue, and no big personal issue,» he said. «As I've shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research,» he added. He explained that the plan was to wind up operations after completing their pipeline of investigative ideas. Notably, the firm recently concluded its final projects related to Ponzi schemes, marking the end of its research activities.

markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. «If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt,» Buch said addressing a NISM-organised conference here.

Subscribe to enjoy similar stories. Key measures proposed by the market regulator are expected to see the light of day in 2025, with regulations kicking in for Mutual Fund Lite, the derivatives market and financial influencers.

BJP national spokesperson Sambit Patra on Thursday hit back at Rahul Gandhi after the Congress leader demanded a probe into allegations against Gautam Adani and SEBI chairperson Madhabi Puri Buch. Patra dismissed Gandhi’s statements, claiming they were a repetition of past tactics to level unfounded allegations against BJP and Prime Minister Narendra Modi.

Rahul Gandhi on Tuesday alleged that there was a «fixed match» going on to protect crony capitalists and said ordinary investors will be the biggest loser in it. In a video titled «Buch Stops here», Rahul Gandhi targets SEBI chief Madhabi Puri Buch and businessman Gautam Adani, as he discusses the issue of safeguarding investors' savings with his colleague and party leader Pawan Khera and veteran journalist Sucheta Dalal. In the over 8-minute video conversation, Gandhi accuses SEBI under chairperson Buch of failing to protect investor wealth, instead, he said it «safeguarded» corporate giants like the Adani Group.

Sebi chairperson Madhabi Puri Buch by alleging she had rented a property to a company controlled by people, who had held senior positions in a firm that had been under the watch of the regulator, and the party claimed that it amounted to conflict of interest. «Ms Madhabi Buch owns another flat in Mumbai. In 2021-22, she earned rental income from a property rented out to a company called Green World Buildcon and Infra. This company is owned by Mukul and Vipul Bansal. Mukul Bansal has a significant background with Indiabulls Group, being part of its senior management and being on the board of several related companies. Indiabulls Group, where Mukul Bansal has been involved, has faced several cases with Sebi, with multiple adjudication orders and regulatory actions between 2021 and 2022,» said Congress spokesperson Pawan Khera at an official briefing. He said this was in violation of Sebi's code on conflict of interest for members of board. The latest charge comes as part of Congress' renewed efforts to revive the issue involving allegations against the Sebi chief, which appeared to have lost its political steam of late with the matter hardly figuring in the Congress' election campaign discourse in Haryana and J&K polls. With Buch back in headlines last week with her skipping appearance before the Public Accounts Committee (PAC), the Congress has been releasing logs on the allegations against her as part of its bid to revive the issue.

CAG is set to conclude in November, and a high-ranking official with close ties to the Modi administration is likely to be chosen to oversee the Centre's financial oversight. While Murmu's position requires a new appointee, three other pivotal roles — the Reserve Bank of India (RBI) Governor, Chief Economic Adviser (CEA), and Securities and Exchange Board of India (SEBI) Chairperson — offer the possibility of reappointment. Following Murmu’s tenure, attention will shift to the RBI’s leadership. Shaktikanta Das, who became RBI Governor in December 2018 after the sudden resignation of Urjit Patel, is nearing the end of his second term. Das, a former bureaucrat known for maintaining strong government relations and navigating India’s financial landscape smoothly, may either continue in this role or pass the mantle, with a decision expected in December.

Rahul Gandhi launched a scathing attack on the chairperson of the Securities and Exchange Board of India (SEBI) Madhabi Puri Buch, for skipping a meeting with the Parliament's Public Accounts Committee (PAC) on Thursday claiming that someone was behind the plan to protect her from being answerable to the PAC. «Why is Madhabi Buch reluctant to answer questions before the Public Accounts Committee (PAC) of Parliament? Who is behind the plan to protect her from being answerable to the PAC?» Rahul Gandhi posted on X. Meanwhile, the Parliament's PAC on Thursday postponed its meeting after it witnessed a ruckus after SEBI chairperson Madhabi Puri Buch did not appear before the committee.