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'Sebi now holding individuals accountable for irregularities'

Jaipur: To bring greater accountability in stock market, Sebi is now holding individuals also accountable along with their companies for any misdeeds, chairman U K Sinha said today.“We will be presenting guidelines for better corporate
PTI January 06, 2014 18:13 IST
PTI
Jaipur: To bring greater accountability in stock market, Sebi is now holding individuals also accountable along with their companies for any misdeeds, chairman U K Sinha said today.

“We will be presenting guidelines for better corporate governance in listed companies in coming days,” Sinha said, addressing a conference here on ‘New Initiatives – Investor Protection and Investor Education.

He said that improvement, in terms of rules, will also be made in the system of companies merger and acquisition.

Saying that one mistake can push market 10 years back, Sinha stressed that the system has to be made accountable hence Sebi is now making individuals accountable, along with companies, for any misdeed and penalises them.