💨 Abstract

The Securities Markets Code Bill, introduced in India's Parliament, aims to replace outdated laws governing the Securities and Exchange Board of India (SEBI) and related entities. The Bill enhances SEBI's regulatory processes by mandating transparency and public consultation but also expands SEBI's direction-making powers, which could undermine market confidence and independence. Critics worry about the potential misuse of these powers and the lack of clear guidelines, suggesting that Parliament should scrutinize the Bill closely to ensure accountability and protect market integrity.

Courtesy: theprint.in