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Policy breach UPSC NOTE

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  Why in news According to public documents reviewed by Reuters, SEBI chief Madhabi Puri Buch breached the rules for regulatory officials T...

 Why in news

  • According to public documents reviewed by Reuters, SEBI chief Madhabi Puri Buch breached the rules for regulatory officials

The policy breach

  • SEBI chief Madhabi Puri Buch continued to earn money from her consultancy firm, Agora Advisory, during her tenure at SEBI.

  • This continued revenue may violate SEBI's 2008 policy that prohibits officials from holding other professional positions or receiving fees from external activities.

  • Documents reviewed show that Agora Advisory earned ₹37.1 million during Buch's time at SEBI, raising concerns about her compliance with regulations.

  • Buch stated that she disclosed her consultancy firms to SEBI and claimed that her involvement was only until her husband took over the business.

  • Despite her role at SEBI, Buch still holds shares in the consulting firm according to the latest records.

  • Also, Buch has not provided details on whether she received a waiver to keep her shareholding in the consultancy firm.

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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Policy breach UPSC NOTE
Policy breach UPSC NOTE
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