NSE Scam: SEBI Chairperson Madhabi Puri Buch is likely to appear before the Standing Committee of Parliament on Tuesday, April 5. He may be called for questioning on capital market regulations especially in the NSE scam.
The Parliamentary Standing Committee on Finance headed by Jayant Sinha is scheduled to meet on April 5 at 5 pm. According to the agenda of the meeting, during this period “oral evidence of the representatives of Securities and Exchange Board of India (SEBI) will be taken on regulatory issues related to the capital market”.
These four issues will be discussed
Sources said SEBI chairperson Madhavi Puri Buch is likely to appear before the committee herself. According to the agenda, four issues will be discussed during the meeting. These are Initial Public Offerings (IPO), Volatility, International Financial Services Centers (IFSC) and Alternate Investment Fund (AIF).
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NSE scam will be an important issue
According to sources, the NSE scam will be an important issue to be discussed during the meeting, in which former chief executive officers Chitra Ramakrishna and Ravi Narain are being investigated. SEBI’s chairperson can be questioned on SEBI’s rules in this context.
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Butch became SEBI chief just a month ago
Madhabi Puri Buch took over as the chairperson of SEBI in early March. Butch has been appointed in place of Ajay Tyagi, chairman of SEBI. Butch has extensive experience in the public and private financial world. She has been a whole-time member of SEBI. She became a whole-time member of SEBI in April 2017. She remained in this position till October last year. During this he held many important responsibilities. These include the Division for Collective Investment Schemes Surveillance and Investment Management. This includes mutual funds and alternative investment funds.
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