Under the leadership of Ms. Madhabi Puri Buch, who assumed the position of SEBI Chairperson in March 2022, the SEBI Board Meetings have become more substantial. Since then, five board meetings have taken place, with the next one scheduled for next week.
In an article published in Business Standard, Ms. Khushboo Tiwari and Mr. Samie Modak examined the board meetings of SEBI during Ms. Madhabi Puri Buch’s tenure. They observed that these meetings have had a significantly higher number of agendas, averaging approximately 12 per meeting, compared to the previous average of around 8.
The most recent board meeting, held on March 29, resulted in the approval of reforms in Mutual Fund Regulations, AIF regulations, and other matters. Since then, SEBI has issued approximately 20 discussion papers.
The Business Standard article includes insights from Mr. Sumit Agrawal, Managing Partner of Regstreet Law Advisors and former SEBI officer. He highlights SEBI’s efforts to improve internal processes, streamline procedures, and enhance coordination between departments, which have contributed to faster decision-making. According to him, technological advancements and digitization have also played a crucial role in enabling SEBI to process and analyze data more swiftly, leading to informed and prompt decision-making.
The article also features opinions from Mr. J N Gupta, Managing Director of Stakeholders Empowerment Services and former executive director at SEBI, as well as Mr. Harish Kumar, Partner at Luthra and Luthra Law Offices India.
Earlier this year, on February 28, Ms. Madhabi Puri Buch completed her first year as SEBI Chairperson. In an earlier article in Financial Express (India), her tenure was praised by Mr. Sumit Agrawal for the significant reforms she introduced during her initial year in the role.
Business Standard story can be accessed below.
Readers are also welcome to send their views to Regstreet Law Advisors at info@regstreetlaw.com
