Madhabi Puri Buch

Sebi plans to form a high-level committee to review conflict-of-interest regulations after its former chairman faced accusations of undisclosed holdings. The new chairman, Tuhin Kanta Pandey, initiated this move for transparency and accountability. The independent committee will review and propose updates to enhance disclosures and ethical conduct, with recommendations expected in three months.

Adani Group stocks' market capitalisation has dropped by 21% in FY25. Regulatory scrutiny and allegations of bribery further impacted the group's stock values, while external economic factors and foreign investors exacerbated the situation.

The Bombay High Court stayed a special court's order for an FIR against ex-SEBI chairperson madhabi puri buch and five others for alleged regulatory violations. Justice Shivkumar Dige highlighted the lack of specific allegations. Four weeks are given for a reply affidavit. The case involves allegations of fraud related to a 1994 BSE company listing.

A special court in Mumbai has ordered the Anti-Corruption Bureau to file an FIR against former Sebi chairperson madhabi puri buch and others for alleged stock market fraud. Despite prior complaints, no action was taken. The probe will be monitored by the court, with a status report needed in 30 days. Buch's term ended amid allegations of conflict of interest and regulatory lapses.

Sebi plans to challenge a court order demanding a probe into alleged irregularities in listing a company on the BSE in 1994. The court directed police to file an FIR against several former and current officials, although they were not in their positions during that time. Sebi and BSE intend to take legal action to address the situation.

The Bombay High Court granted relief to former SEBI chairperson madhabi puri buch and five other officials, instructing the ACB not to file an FIR against them until March 4. This follows a special court's order based on a complaint of regulatory lapses during a 1994 company listing. SEBI and BSE have dismissed the allegations as unfounded.

The Bombay High Court stayed a special court order directing the registration of an FIR against ex-SEBI chairperson madhabi puri buch and five officials for alleged stock market fraud and regulatory violations, noting the order was passed mechanically. The High Court has given four weeks to the complainant to file his affidavit in reply to the petitions.

Sebi chief Tuhin Kanta Pandey emphasized the importance of transparency and accountability in enhancing trust within India's financial markets. He highlighted the need for optimum regulation, focusing on relevant statutes, and pledged to foster investor awareness and education. Pandey also expressed his intent to promote voluntary compliance through a consultative approach involving all stakeholders.

madhabi puri buch made history as SEBI's first female chairperson, youngest appointee, and first person from the private sector on March 1, 2022. With a diverse career, including executive roles at ICICI Bank and international consultancies, Buch has driven reforms at SEBI. Recently, she and her spouse refuted accusations from Hindenburg Research, emphasizing transparency in their investments.

Buch retires on February 28. The hits, misses and controversies during her tenure at the regulator’s helm

Tuhin Kanta Pandey has been named the new chairman of Sebi, succeeding madhabi puri buch. Pandey, a 1987-batch IAS officer with extensive experience in finance, is known for his adherence to rules and clean image. He will face the challenge of addressing staff issues at Sebi and maintaining confidence among stakeholders.

Major questions are raised about the SEBI Chairperson's conflict of interest in the Supreme Court-approved Adani Group probe. Allegations include income from ICICI while adjudicating their complaints and undisclosed ESOP benefits. The government is being urged to clarify these issues, emphasizing transparency in regulatory bodies.