SEBI

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What Ails Direct-selling Businesses in India?

Vol. 56, Issue No. 48, 27 Nov, 2021

The law pertaining to direct-selling businesses prevailing in India is in dire need of transformation. A critical examination of the definitions (related to direct-selling), the primary cause of concern, followed by the inept Direct Selling Guidelines issued in 2016 by the Ministry of Consumer Affairs is undertaken here. Focusing on the regulatory aspect of this business model, a case is made for a specialised regulator for direct-selling entities.

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Regulating the Regulators

Vol. 51, Issue No. 13, 26 Mar, 2016

Kaushiki Sanyal

India established several independent regulators in sectors like electricity, telecommunications and insurance after economic liberalisation. This article discusses how these regulators can be effectively scrutinised and oversight by legislative bodies strengthened.

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Regional Stock Exchange : Futile Revival Efforts

Vol. 38, Issue No. 25, 21 Jun, 2003

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Indian Securities Depository System

Vol. 38, Issue No. 20, 17 May, 2003

L C Gupta, Naveen Jain

Unknowingly and unintentionally, the share depository system is adversely affecting millions of small investors and also hurting the equity market's growth by causing such investors to gradually withdraw from the market. This paper attempts to explain how this has come about and what corrective action is needed.

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Loose Thinking on Corporate Governance

Vol. 37, Issue No. 40, 05 Oct, 2002

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Corporate Governance: Myth and Reality

Vol. 37, Issue No. 30, 27 Jul, 2002

Madhav Godbole

Free markets are not free-for-all markets. And while the contours of corporate governance are not perfect even in the west, there exist in most developed countries well developed legal, regulatory and institutional frameworks for corporates with a critical degree of activism of shareholders and institutional investors. Indian corporates need to regard the issue of governance not as an irritant or impediment but as an essential tool and mechanism for their very survival in the new economic environment.

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Capital Market: Cobwebs to be Cleared

Vol. 37, Issue No. 25, 22 Jun, 2002

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SEBI : A Different Agenda

Vol. 37, Issue No. 10, 09 Mar, 2002

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Bank Supervisory Arrangements

Vol. 36, Issue No. 37, 15 Sep, 2001

Aditya Narain, Saibal Ghosh

The purpose of this paper is to examine the choice of location of prudential supervision of banks. Should central banks assume this role or should there be a unified regulator covering all financial institutions? With the growing concern among central banks about the need to maintain financial stability, can such problems be effectively tackled if regulation/ supervision is vested with the central banks? The evidence.

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Stock Markets

Vol. 36, Issue No. 20, 19 May, 2001

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Calcutta Diary

Vol. 36, Issue No. 19, 12 May, 2001

AM

Whatever the finance minister may say in his umpteen statements on the floor of parliament and whatever alibi the RBI and the SEBI may trot out for their lotus-eaters' indolence, nothing much is likely to change in the existing circumstances. Both the RBI and the SEBI may go through the motion of framing a new set of rules to discipline the banks and share markets in order to bring the rogues to book. All this will be for the birds. As long as the fascination for the free market does not dissipate, things will be much the same in the years to come; homage to continuity.