The Securities and Exchange Board of India (SEBI) is the regulatory body for securities and commodity market in India under the administrative domain of Ministry of Finance within the Government of India. It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.SEBI's establishment brought about a centralized regulatory framework, consolidating regulatory functions related to securities trading, issuance, and intermediation under one umbrella.
Anil Manibhai Naik is an Indian industrialist, philanthropist and the Chairman Emeritus of Larsen & Toubro, an Indian engineering conglomerate, and a former Chairman of the National Skill Development Corporation.
Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.
Clause 49 of the Listing Agreement to the Indian stock exchange that came into effect from 31 December 2005. It has been formulated for the improvement of corporate governance in all listed companies.
Henning Holck-Larsen was a Danish engineer who co-founded the Indian engineering firm Larsen & Toubro (L&T).
Senapathy "Kris" Gopalakrishnan is an Indian businessman and the Chairman of Axilor Ventures, an accelerator that helps start-ups during the early stage of their business journey. Kris served as the vice chairman of Infosys from 2011 to 2014 and the chief executive officer and managing director of Infosys from 2007 to 2011. Kris is one of the co-founders of Infosys.
The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when the Hyderabad property market collapsed, leaving a trail back to Satyam. The scandal was brought to light in 2009 when chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.
Abhijit Sen was an Indian economist who focused on studying rural development. Sen was appointed to the Planning Commission of India between 2004 and 2014 and held a number of policy making positions in India. Amongst his works included recommendations toward establishment of minimum support price for farm produce and a universal public distribution system. Sen was a recipient of the Padma Bhushan, India's third highest civilian honor, in 2010.
National Institute of Securities Markets (NISM) is an Indian public trust and also the national apex body for the regulation and licensing of financial market dealing profession in India along with being the central civil service staff training institute of SEBI established in 2006 by the Securities and Exchange Board of India (SEBI) the regulator for the securities market in India. It is under the ownership of the Securities and Exchange Board of India, Ministry of Finance, Government of India.
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India. An apex-level FSDC is not a statutory body. The recent global economic meltdown has put pressure on governments and institutions across the globe to regulate their economic assets. This council is seen as India's initiative to be better conditioned to prevent such incidents in future. The new body envisages to strengthen and institutionalise the mechanism of maintaining financial stability, financial sector development, inter-regulatory coordination along with monitoring macro-prudential regulation' of economy. No funds are separately allocated to the council for undertaking its activities. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 26th meeting of the Financial Stability and Development Council (FSDC) on September 15, 2022.
Suneet Kumar Maheshwari is an infrastructure business evangelisand is the founder and managing partner of Udvik Infrastructure Advisors LLP, a new boutique infrastructure financial services firm set up comprising a group of senior infrastructure and financing evangelists along with another ~25 mid-senior professionals. Till recently he was the group executive vice-president of L&T Financial Services. He was also on the board of L&T Infrastructure Finance Company Limited, L&T Infra Debt Fund, L&T FinCorp, L&T Infra PE. He was the managing director and chief executive of L&T Infrastructure Finance Company Ltd since its inception in 2006 till March 2014, which is now a Rs 25,000 crores asset base company. He has over 34 years of experience in infrastructure finance, investment banking, corporate finance and private equity at management board level.
Sandeep Parekh, born 1971, is an Indian financial sector lawyer who founded Finsec Law Advisors, Mumbai. He attended St. Columba's School in New Delhi, India. He then attended Hindu College at Delhi University, which gave him a distinguished alumni award in 2008. 10. He then obtained a degree in law from Delhi University Law Centre II, which also recognised him as a distinguished alumni in 2007. He was profiled in 2006 by CNBC in its program 'Young Turks' by Shereen Bhan as a young leader.
Shardul Suresh Shroff is an Indian corporate lawyer. He is the executive chairman of the law firm Shardul Amarchand Mangaldas & Co. Prior to the split in the Amarchand & Mangaldas & Suresh A Shroff & Co", which was India's largest law firm, Shardul used to be the managing partner of the north India region of the firm headquartered in New Delhi.
Preeti Malhotra has been the Chairman of the Smart Bharat Group, a diversified conglomerate, with interests in reality, hospitality, entertainment, preventive healthcare, finance and also venturing into new age projects. This is a part of Smart Group which has its footprint across India, China, ASEAN, Middle-East, USA, UK and Africa. Preeti also serves as a director on the board of several group of companies.
India's National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs) were released by the Ministry of Corporate Affairs (MCA) in July 2011 by Mr. Murli Deora, the former Honourable Minister for Corporate Affairs. The national framework on Business Responsibility is essentially a set of nine principles that offer businesses an Indian understanding and approach to inculcating responsible business conduct.
Harun Rashid Khan, was a Deputy Governor of Reserve Bank of India between 2011 and 2016.
Cyril Suresh Shroff is an Indian corporate lawyer.
Anumolu Ramakrishna (1939–2013) was an Indian civil and structural engineer, corporate executive and the deputy managing director of Larsen & Toubro Construction, the largest construction company in India as per 2013 statistics. He was credited with the introduction of system formwork and precast and prestressed concrete technologies in Indian construction industry, procedures which helped increase productivity, and was a co-founder of the India chapter of FSL - Global Forum on Structural Longevity. The Government of India awarded him the third highest civilian honour of the Padma Bhushan, posthumously in 2014, for his contributions to science and technology.
The NSE co-location scam relates to the market manipulation at the National Stock Exchange of India, India's leading stock exchange. Allegedly select players obtained market price information ahead of the rest of the market, enabling them to front run the rest of the market, possibly breaching the NSE's purpose of demutualisation exchange governance and its robust transparency-based mechanism. The alleged connivance of insiders by rigging NSE's algo-trading and use of co-located servers ensured substantial profits to a set of brokers. This widespread market fraud came to light when markets' regulator, the Securities and Exchange Board of India (SEBI), received the first anonymous complaint through a whistle-blower's letter in January 2015. The whistle-blower alleged that trading members were able to capitalise on advance knowledge by colluding with some exchange officials. The overall default amount through NSE's high-frequency trading (HFT) is estimated to be ₹500 billion over five years.
Sekharipuram Narayanan Subrahmanyan is the Chairman & Managing Director of Larsen & Toubro. He took over the reins from Mr Anil Manibhai Naik on 1 July 2017. S N Subrahmanyan is also the Vice Chairman on the Boards of LTIMindtree and L&T Technology Services, Chairman of L&T Metro Rail (Hyderabad) Limited and Director and Chairperson of L&T Finance Holdings Ltd.
