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Regulating unlisted firms: More teeth for Sebi, but...
Rediff.com

Regulating unlisted firms: More teeth for Sebi, but...

Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms. The Securities and Exchange Board of India (Sebi) seems to be emerging as the poster boy for effective enforcement in matters related to capital markets, with the government and courts increasingly relying on the regulator to look into several existing grey areas.   The abuzz in ... Rediff.com, 2 months ago
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