SEBI Archives

SEBI Announces NSE As Country’s Largest Market Infrastructure Institution

Pooja YadavApril 6, 20220

Recently, Securities and Exchange Board of India (SEBI) noted that the National exchange (NSE), the country's largest equities and derivatives exchange could be a systemically important market infrastructure institution (MII). When we see Stock exchanges, depositories and clearing houses ,they are all Market Infrastructure Institutions and constitute a key a part of the nation's vital economic infrastructure. According to a panel founded (in 2010) under the chairmanship of former bank of India Governor Bimal Jalan, the term ‘market infrastructure’ denotes such fundamental facilities and systems serving this capital market. Whereas when we talk about the primary purpose of the securities /capital market is to enable allocation/reallocation of capital/financial resources. MIIs help...

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Centre Appoints Madhabi Puri Buch As First Woman Chairperson Of SEBI

Pooja YadavMarch 4, 20220

The Centre has appointed Madhabi Puri Buch as the first woman chairperson of the Securities and Exchange Board of India (SEBI) on February 28. She was previously the head of ICICI Securities. In between 2017 to 2021, she also served in SEBI as an entire Time Member. Now, she is going to replace Ajay Tyagi as the chairperson of SEBI. Ajay Tyagi is a 1984 batch IAS officer from the Himachal Pradesh cadre. He was appointed as SEBI Chairperson for 3 years, on March 1, 2017. He was given a six-month extension. Later, his tenure was extended by 18 months in august 2020. The finance ministry had invited applications from eligible candidates for the post of SEBI Chairperson in October 2021. The deadline to submit the shape was December 6, 2021. As per the procedure for a...

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Mysterious Yogi: CBI Arrests Anand Subramanian In Relation With Market Manipulation Case

Pooja YadavFebruary 26, 20220

The CBI has arrested former group operating officer of National stock market (NSE) Anand Subramanian after expanding its three-time inquiry into the fraud within the exchange. It is seeable of “fresh data” that came up during a genuinely disastrous SEBI report relating a mysterious yogi who was guiding the conduct of former CEO Chitra Ramkrishna and other irregularities, officers said on Friday. Subramanian was taken into custodianship late Thursday night in Chennai, Tamil Nadu. The agency will produce him before a court in Chennai for his conveyance remand to bring him to Delhi once the plea is granted. The CBI will bring him to the city and produce him before a special court to seek his custodial remand to question the inapplicability of the case at its headquarters. An ins...