SEBI and protection of investors’ interests: Challenges and prospects of key initiatives of regulatory framework
By: Aneja, Arti and Sumit
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Material type: 
BookPublisher: Bihar Journal of Public Administration Description: 21(2), Jul-Dec, 2024: p.927-937.Subject(s): Investor protection, SEBI regulations, ESG, Financial frauds, India
In:
Bihar Journal of Public AdministrationSummary: Protection of investors, especially small investors, in capital market and ensuring transparency, fairness and their confidence are the obligation of state. For this Securities and Exchange Board of India (SEBI) was established in 1988 and later made statutory body in 1992 by an Act. Here the question is – to what extent SEBI is successful in protecting the interest of the investors? Whether its regulatory framework requires reforms? In the light of these queries the present paper examines the role of SEBI in safeguarding investors’ interests in India’s capital markets, its regulatory framework, initiatives, and collaborations in 2023-2024 in the light of enhanced disclosure requirements, corporate governance reforms, and the adoption of AI-driven monitoring systems to combat financial misconduct. On the basis of secondary data and some case studies of SEBI’s interventions in major fraud cases and IPO oversight, the paper assesses SEBI’s impact on grievance redressal, enforcement actions, and corporate governance improvements. Further, it also explores SEBI’s collaborations with global regulatory bodies like IOSCO, which strengthen its cross-border regulatory capabilities, and underlines the challenges faced in tackling new-age financial frauds and cross-border issues. Finally, the present paper suggests areas for revisions in SEBI’s regulatory framework for better results.- Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol%20XXI%20No.%202%20Jul-Dec%202024.pdf
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 21(2), Jul-Dec, 2024: p.927-937 | Available | AR135438 |
Protection of investors, especially small investors, in capital market and ensuring transparency, fairness and their confidence are the obligation of state. For this Securities and Exchange Board of India (SEBI) was established in 1988 and later made statutory body in 1992 by an Act. Here the question is – to what extent SEBI is successful in protecting the interest of the investors? Whether its regulatory framework requires reforms? In the light of these queries the present paper examines the role of SEBI in safeguarding investors’ interests in India’s capital markets, its regulatory framework, initiatives, and collaborations in 2023-2024 in the light of enhanced disclosure requirements, corporate governance reforms, and the adoption of AI-driven monitoring systems to combat financial misconduct. On the basis of secondary data and some case studies of SEBI’s interventions in major fraud cases and IPO oversight, the paper assesses SEBI’s impact on grievance redressal, enforcement actions, and corporate governance improvements. Further, it also explores SEBI’s collaborations with global regulatory bodies like IOSCO, which strengthen its cross-border regulatory capabilities, and underlines the challenges faced in tackling new-age financial frauds and cross-border issues. Finally, the present paper suggests areas for revisions in SEBI’s regulatory framework for better results.- Reproduced
http://www.iipabiharbranch.org/upload/BJPA%20Vol%20XXI%20No.%202%20Jul-Dec%202024.pdf
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