SEBI chairperson likely to be questioned on NSE scam by Parl panel
PTI, Apr 4, 2022, 9:13 AM IST
Image credit: Reuters
New Delhi: SEBI chairperson Madhabi Puri Buch will depose before the parliamentary standing committee on finance on Tuesday over regulatory issues concerning the capital market and is expected to be questioned about the recent NSE scam, sources said on Sunday.
The panel chaired by the former minister of state for finance Jayant Sinha has called Buch to deliberate upon regulatory issues related to initial public offerings, international financial services centers, and alternate investment fund, according to a notice issued by the Lok Sabha Secretariat.
Sources in the committee said members will also question the SEBI chairperson about the recent National Stock Exchange (NSE) scam in which several of its top officials including former chief executive officers Chitra Ramakrishna and Ravi Narain are being investigated.
When contacted Sinha said that Buch has been called by the parliamentary panel to deliberate upon the orderly functioning of the market in the recent volatility and turbulent flow of cash.
The committee, which has its members former prime minister Manmohan Singh, former Bihar finance minister Sushil Modi and several lawyers-cum-politicians, among others, will question the SEBI chairperson over the recent scam in the NSE, the sources said.
Recently, the panel was awarded for being the best parliamentary committee.
This will be the second meeting of SEBI officials with the parliamentary panel in the last week. They had also appeared before the panel on March 30.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Indian markets rebound sharply on buying in bank stocks, firm global trends
Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
Elon Musk in Beijing amid efforts to promote Tesla’s autonomous driving tech
Corporate earnings, US Fed interest rate decision to drive markets in holiday-shortened week: Analysts
Pune court asks police to probe bribery allegations against IT major Cognizant
MUST WATCH
Latest Additions
ICG apprehends Indian fishing boat with 173 kg of narcotics; two crew members detained
Ahead of phase 3 polls, Congress and BJP spar in MP over quotas, Muslim appeasement
Ramanagara: Five students swept away by currents in Cauvery river
Prajwal Revanna suspended from JD(S), says Kumaraswamy
JD(S) MLA demands expulsion of Revanna, son; says charges against them embarrassing