Mon, Sep 30, 2024
The board of the capital market regulator, Securities and Exchange Board of India (SEBI), met on Monday to make several decisions, including a much-anticipated approval of the proposed Mutual Fund Lite Regulations and a new asset class to fill the gap between mutual funds and portfolio management services (PMS). This development confirmed an earlier exclusive report by Zee Business last week.
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Tue, Sep 24, 2024
The Madhabi Puri Buch-led SEBI board is likely to discuss and approve various policy measures and issues, including serious allegations leveled by US-based research firm Hindenburg Research against her and a protest by the regulator's employees against its top management.
Mon, Sep 16, 2024
The withdrawal came days after a protest by a large number of Sebi employees outside the regulator's headquarters on September 5, a day after the press release. They had demanded the withdrawal of the statement and the resignation of Sebi chief Madhabi Puri Buch.
Fri, Sep 13, 2024
Amid a barrage of serious allegations against her, including misuse of power and conflict of interest, SEBI Chairperson Madhabi Puri Buch and her husband issued a fresh statement on Friday.
Citing newly released Swiss criminal court records reported by Swiss media outlet Gotham City, US-based research firm Hindenburg Research has said that prosecutors have detailed "how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks".
Thu, Sep 12, 2024
On Wednesday, Hindenburg took to microblogging site X (formerly Twitter) to question the current SEBI chief’s "complete silence" on fresh allegations of impropriety, conflict of interest and accepting payments from companies while serving as a member of the market regulator.
Hindenburg, which had in January 2023 accused Adani Group of using tax havens to sidestep local market regulations, had last month alleged that Securities and Exchange Board of India (SEBI) chairperson Buch's previous investments and dealings may be behind the slow probe against the conglomerate.
Wed, Sep 11, 2024
Earlier on Wednesday, US-based short-seller Hindenburg Research levelled a fresh set of serious allegations against SEBI Chairperson Madhabi Puri Buch including conflict of interest and misuse of power.
Hindenburg Research levelled a fresh set of charges on Wednesday accusing a private consulting entity owned by her of accepting payments from multiple listed companies regulated by the market watchdog during her time as its whole-time member.
Tue, Sep 10, 2024
Congress spokesperson Pawan Khera said Buch had claimed that when she joined Securities Exchange Board of India (Sebi), Agora Pvt. Ltd had become dormant. He said that her claims were false.
Fri, Sep 06, 2024
Congress spokesperson Pawan Khera said that in 2018, when Madhabi Puri Buch became a full-time Sebi member, she rented out a property to Carol Info Services Ltd, which is a Wockhardt's firm. He alleged that Sebi was dealing with an insider trading case against the company.
The PAC has not called Buch for its September 10 meeting, nor any summon has been sent so far, but considering the allegations against her, the SEBI chief can be called in the last meeting of this month or in the next PAC meeting.
Thu, Sep 05, 2024
"There is an erosion of trust and credibility of India’s stock markets. The Congress party wants a strong and robust stock market with many foreign and domestic investors’ participation. It is not in the nation’s interest to have clouds of doubt, fear and uncertainty over the market regulator," said Praveen Chakravarty, Chairman of Professionals' Congress and Data Analytics at the INC.
In a communication addressed to the Sebi board, the employees wrote that they "strongly condemn the tone and substance of the PR", which "attempts to undermine the genuine concerns of SEBI employees and distorts the truth to deflect from the real issues at hand".
Sebi employees said their protest against regulator chairperson, Madhabi Puri Buch, was just a mock drill and they would follow it up soon if demands are not met.
Wed, Sep 04, 2024
Capital market regulator Securities and Exchange Board of India (SEBI) denied on Wednesday the claims of an unprofessional work culture made by some of its employees.
Hindenburg vs Adani Saga: In more trouble for the Sebi chief, employees at the market regulator are learned to have flagged toxic work culture to the finance ministry last month.
Tue, Sep 03, 2024
Madhabi Puri Buch got money from ICICI Bank: Congress. Pension to Madhabi Puri Buch after settlement: Congress. Madhabi Puri Buch got more pension than salary: Congress. How did Madhabi Puri Buch get more pension than salary?: Congress. The average annual salary in ICICI Bank from 2007 to 2014 was ₹1.3 Cr. Pension started coming again in the year 2016-17: Congress. How did the pension amount increase from time to time?: Congress.
A day after launching a salvo at Sebi Chairperson Madhabi Puri Buch, the Indian National Congress (INC) levelled fresh allegations against her with more details about her association with ICICI Bank in the past and demanded clarification from her, the market regulator, and the Centre on an urgent basis.
Mon, Sep 02, 2024
Essel Group Chairman and former Rajya Sabha MP Dr Subhash Chandra accused Madhabi Puri Buch, the current chairperson of the capital market regulator Sebi, of various serious wrongdoings, including corruption and misuse of power.
The Congress spokesperson alleged that the SEBI chairperson took a salary of Rs 16 crore and 80 lakh from ICICI Bank from 2017 to 2024. He said that Buch took salary and ESoPs from ICICI Bank and ICICI Prudential.
Thu, Aug 29, 2024
Sebi has received feedback from around 6,000 stakeholders on its consultation paper regarding Futures & Options (F&O) trading, proposing measures to enhance investor protection and market stability
Sebi Chairperson Madhabi Puri Buch spoke at the Global Fintech Fest in Mumbai on Thursday, August 29.
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