Mumbai, July 23 (IANS) The Securities and Exchange Board of India (SEBI) has proposed a comprehensive overhaul of the online dispute resolution (ODR) framework for the securities market, seeking to make the system more efficient, reduce resolution timelines and strengthen the enforceability of dispute outcomes.In a consultation paper, the capital markets regulator proposed transferring the responsibility for administering the ODR mechanism from ODR institutions to market infrastructure instituti…
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Mumbai, Dec 30 (IANS) In a shocking case that surprised even the regulator, the Securities and Exchange Board of India (SEBI) has cancelled the registration of a person who was officially listed as a research analyst but was actually running a small grocery shop in Madurai.SEBI revoked the licence of Purooskhan after finding that he had no involvement in the securities market.During a hearing, it came to light that he operates a tiny 100-square-feet provision store selling daily essentials and s…