The Securities and Exchange Board of India (Sebi) had shared information sought by the Central Bureau of Investigation (CBI) related to the National Stock Exchange (NSE) as far back as 2018, when the federal agency registered an FIR in the co-location matter.
The case involves Ms. Chitra Ramakrishnan.
What is SEBI?
How the issue is of ‘Corporate governance’?
All this raises another question: Will this rule now be reversed for banks, where role-separation has been in force for some time but failed to prevent scandals like those at Yes Bank and ICICI Bank?
Conclusion
As self-regulatory organisations, stock exchanges have a front-line responsibility for regulation of their markets and for controlling compliance by members of rules to which they are subject,” the order read. Organizations must work to ensure that stocks are reliably traded and that issuers meet standards of corporate governance. Stock exchanges as institutional mechanisms have an important role to play in ensuring the stability of the financial and economic system.
Verifying, please be patient.