Explorer

SEBI Chairperson Likely To Be Questioned On NSE Scam By Parliamentary Panel

When contacted Sinha said that Buch has been called by the parliamentary panel to deliberate upon the orderly functioning of the market in the recent volatility and turbulent flow of cash.

New Delhi: SEBI chairperson Madhabi Puri Buch will depose before the parliamentary standing committee on finance on Tuesday over regulatory issues concerning the capital market and is expected to be questioned about the recent NSE scam, sources said on Sunday.

The panel chaired by former minister of state for finance Jayant Sinha has called Buch to deliberate upon regulatory issues related to initial public offerings, international financial services centres and alternate investment fund, according to a notice issued by the Lok Sabha Secretariat.

Sources in the committee said members will also question the SEBI chairperson about the recent National Stock Exchange (NSE) scam in which several of its top officials including former chief executive officers Chitra Ramakrishna and Ravi Narain are being investigated.

When contacted Sinha said that Buch has been called by the parliamentary panel to deliberate upon the orderly functioning of the market in the recent volatility and turbulent flow of cash.

ALSO READ: Petrol Above Rs 100 In Major Cities, Diesel Too On The Upswing — All About It

The committee, which has its members former prime minister Manmohan Singh, former Bihar finance minister Sushil Modi and several lawyers-cum-politicians, among others, will question the SEBI chairperson over the recent scam in the NSE, the sources said.

Recently, the panel was awarded for being the best parliamentary committee.

This will be the second meeting of SEBI officials with the parliamentary panel in the last week. They had also appeared before the panel on March 30.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections: Report
Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections
Sunita Kejriwal Launches WhatsApp Campaign To Drum Up Support For Jailed Delhi CM
Sunita Kejriwal Launches WhatsApp Campaign To Drum Up Support For Jailed Delhi CM
Advertisement
for smartphones
and tablets

Videos

ABP SHIKHAR SAMMELAN 2024: PM Modi's Words & Deeds Aligned, Says Rajnath Singh | ABP NewsMukhtar Ansari Death: BJP MLA hits back at the opposition over gangster's demise, watch | ABP NewsMukhtar Ansari Death: Krishnanand Rai family's reaction and statement over gangster's demiseABP SHIKHAR SAMMELAN 2024: Rajnath Singh Over 'Raksha Sutra' Of Mission 400 | ABP News

Photogallery

Embed widget