In your interest.
Online Personal Finance Magazine
No beating about the bush.
Ham-handed attempts to discredit its adjudication committee will put SEBI's credibility at stake
A couple of issues ago, I wrote that inconsistent actions by independent regulators, such as the Securities and Exchange Board of India (SEBI), are affecting their credibility. I had discussed the case of the National Securities Depository Limited (NSDL), which had been at war with SEBI after it...
Reverse book building needs a quick fix
A few years ago, the Securities and Exchange Board of India (SEBI) set up a committee which recommended the ‘reverse book building’ (RBB) procedure to give minority shareholders a voice in deciding the price at which a company could delist its shares from the stock exchange. RBB ensured a transparent process of ‘price discovery’ – one at which the...
Regulators are either silent or are being insidiously challenged while the government watches benignly
Since 2006, I have received several letters, complaints and inquiries about GoldQuest (also known as QuestNet), a chain-marketing scheme (they call it network marketing) that sells limited edition gold coins, figurines or watches for Rs30,000–Rs35,000. The big draw, however, is the trailing...