The Centre on Monday agreed to a committee to be set up by the Supreme Court for strengthening the regulatory regime following the Hindenburg-Adani episode. It, however, added that the remit of the panel has to be very specific so that it doesn’t affect the flow of money and investments.
During a hearing, Solicitor General Tushar Mehta said the government has no objection to appointing a committee to suggest how to ensure investors are protected in future and that the SEBI is competent to deal with the situation.
The Supreme Court asked the Centre to submit a note on the proposed terms of reference by Wednesday. The next hearing will be on Friday.
