GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

SEBI Top Official Bats for Research in Corporate Governance

SEBI whole time member G Mahalingam made the observations on the launch of a NSE's e-book, which is regulation-wise compilation of all orders by Securities Appellate Tribunal (SAT) since its inception till March 31, 2016.

PTI

Updated:December 8, 2017, 12:12 PM IST
facebookTwittergoogleskypewhatsapp
SEBI Top Official Bats for Research in Corporate Governance
File photo of SEBI building, Mumbai. (Representative Image)
Mumbai: Observing that a lot of improvement is needed in corporate governance framework, SEBI whole time member G Mahalingam has called for more research work on this issue particularly in the area of board evaluation.

"Lot more research and work can be done in the area of corporate governance. Recently Uday Kotak came out with its set of regulations. What are the areas in corporate governance that need improvement is a fertile area for research," Mahalingam said here late last evening.

"Board evaluation guidelines has been issued by SEBI but how is it functioning now is great area of interest. It is because contours of board evaluation are not clearly laid down. So if we can work a little more on that it would pave way for better corporate governance mechanism," he added.

Mahalingam made the observations on the launch of a NSE's e-book, which is regulation-wise compilation of all orders by Securities Appellate Tribunal (SAT) since its inception till March 31, 2016.

The SEBI whole time member noted that the e-book would be helpful for reference to Sebi while passing its orders as well as be useful study material for corporate lawyers and policy makers.

Speaking at the event NSE managing director and CEO Vikram Limaye said: "Ever since SAT was established, it has passed over 2,000 orders and each order established or reinforces regulatory principles. However, these orders were not organised in a way that would facilitate efficient access and reference."

"We expect that this compilation will help regulators, practitioners and students of law in their professional pursuits," added Limaye.

The compilation is made available only in e-book form with suitable search capability. This will be useful to capital market intermediaries and other practitioners specialising in the areas of regulatory work relating to capital markets.

The book has been compiled and classified regulation wise in 5 volumes: Takeover Regulations, FUTP Regulations (FUTP refers to Fraudulent and Unfair Trade Practices), Stock Broker Regulations, SEBI Act, and SEBI Regulations (Mutual Funds, Merchant Bankers and Collective Investment Schemes apart from other regulations).

NSE would update the compilation every year, and the revised compilation would be released around June every year.

Also Watch

Read full article
Most Active
Company Price Change %Gain
SBI 263.20 +9.30 +3.66
Strides Shasun 403.20 +11.15 +2.84
Tata Steel 540.05 -36.75 -6.37
PC Jeweller 196.95 +5.25 +2.74
Infosys 1,184.90 -8.95 -0.75
Company Price Change %Gain
SBI 263.20 +9.05 +3.56
Zee Entertain 552.95 -12.40 -2.19
Strides Shasun 404.90 +12.70 +3.24
PC Jeweller 196.80 +5.85 +3.06
Vedanta 252.70 -16.80 -6.23
Top Gainers
Company Price Change %Gain
SBI 263.20 +9.30 +3.66
Tech Mahindra 697.45 +11.05 +1.61
Cipla 532.40 +8.40 +1.60
NTPC 166.55 +1.40 +0.85
Grasim 1,047.35 +7.85 +0.76
Company Price Change %Gain
SBI 263.20 +9.05 +3.56
NTPC 166.35 +1.35 +0.82
Larsen 1,327.20 +7.25 +0.55
Tata Motors 309.25 +1.50 +0.49
ICICI Bank 290.70 -0.05 -0.02
Top Losers
Company Price Change %Gain
HPCL 287.00 -24.85 -7.97
Vedanta 252.65 -17.30 -6.41
Tata Steel 540.05 -36.75 -6.37
BPCL 373.95 -23.65 -5.95
ONGC 175.40 -9.80 -5.29
Company Price Change %Gain
Tata Steel 539.25 -37.95 -6.57
ONGC 175.55 -8.75 -4.75
Dr Reddys Labs 1,952.55 -61.20 -3.04
IndusInd Bank 1,856.70 -53.55 -2.80
ITC 273.45 -5.35 -1.92