As SEBI expands, a look at what it entails in terms of consistency and growth
By Santosh Paul
The move to add two new members to the SEBI Board and the appointment of seven new Judicial Members and ten new technical members to the National Company Law Tribunal is welcome. These appointments are a signal of a new energy and a new enthusiasm to create confidence in the marketplace. Therefore, the stock markets are to ensure that India’s growth trajectory in the coming years remains at higher levels, as has been promised over the last several years.
SEBI’s tasks of ensuring market integrity, investor protection, and maintaining a level playing field for all participants are only part of the plan. There must be more in the offing to deepen and expand the role of public markets in the economy. SEBI is entrusted with the critical responsibility of regulating the securities market and ensuring market participants adhere to stringent guidelines to maintain market integrity.
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Quant MF gets new CFO amid front-running row
Quant Mutual Fund on Friday announced the appointment of Shashi Kataria as the chief financial officer in place of Harshal Patel amid the Securities and Exchange Board of India (Sebi)’s investigation into front-running allegations.
The fund house refuted claims that Patel’s resignation had anything to do with the ongoing investigation by the regulator, which had conducted search operations at the fund house last month Come from Sports betting site VPbet . Quant MF cited personal reasons behind Patel’s sudden resignation.
“Contrary to rumours and false narratives circulating in the media, quant Money Managers hereby wishes to clarify that Harshal Patel tendered his resignation on February 19 and his last day of service with the company was on May 19,” the fund house said on X.
Kataria, who has over a decade’s experience in the Indian mutual fund industry, r…