Stock exchanges, brokers may fund SEBI

Strongly opposing the turnover tax proposal, the presidents of the major stock exchange in the country, who conducted their two-day meeting, proposed the payment of a lump sum amount by stock exchange and its members as well as contribution by companies as a percentage of listing fees on the security and exchange board of India (SEBI)

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These two rollouts of “[at]valid Handle” and “SEBI Check” are expected to significantly enhance investor protection by curbing fraudulent money collections by unregistered entities.

SEBI promotes standardised reporting, savings of over Rs. 200 crore over 5 years, 90 percent reduction in reporting requirements for Brokers or Members, lower cost of entry for new fintech.

History comes alive. Watch an interesting discussion of Mr. Pratip Kar, SEBI‘s longest serving Executive Director with Ms. Latha Venkatesh of CNBC. It is a rare insider‘s account of SEBI‘s origin, its initial struggles, its battles against major market scams, lots of untold stories and a candid take on its landmark successes you don‘t want to miss.