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Informist, Wednesday, Aug. 19, 2026

 

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--SEBI Singh: Inadequate board scrutiny of cos' financials a big concern
--CONTEXT: SEBI Whole-Time Member Amarjeet Singh's comments at conference
--SEBI Murty: Depositories to pilot corporate bond tokenisation via e-rupee
--CONTEXT: SEBI Whole-Time Member Murty's comments at capital mkt conference
--SEBI Murty: Closing auction session to become stable in days to come

 

MUMBAI – Inadequate scrutiny of financial statements of listed companies by their boards is a big concern, Securities and Exchange Board of India Whole-Time Member Amarjeet Singh said at a capital markets conference organised by the Federation of Indian Chambers of Commerce & Industry here Wednesday. Board scrutiny of financial statements is one of the areas in corporate governance which distinguishes a good board from a bad one, he said.

 

Speaking at the same conference, Cyril Shroff, managing director of law firm Cyril Amarchand Mangaldas, said there is scope for the quality of board conversations to improve. "Honesty and frankness is not there," Shroff said, adding that there is not much difference in this aspect between companies with foreign promoters and those with Indian promoters.

 

When a retail investor enters the stock market he should have absolute clarity on whom he is dealing with, according to SEBI Whole-Time Member K.V.R. Murty. "And to ensure this, we have rolled out a verified label for the stock trading apps of registered brokers on Google Playstore in March," he said.

 

On the closing auction session, Murty said SEBI is sure it will "in the days to come... become a stable and robust mechanism for transfer and identification of (closing) prices". He said that in the regulator's view it is a major step to align the Indian markets with global benchmarks.

 

Responding to reporters' questions on the sidelines of the event on missing liquidity in the closing auction sessions, Murty said just two weeks have passed since the system was implemented and it is early days yet. He said foreign and other investors are realigning their policies and strategies.

 

At the conference, Murty also said market infrastructure institutions, mainly depositories, are working towards tokenisation, a market infrastructure project using distributed data technology. "We are going to be starting with corporate bonds for their issuance, transfer, and settlement of bond tokens... which would facilitate near real-time settlement through the central bank digital currency," he said. "We are aiming that the pilot should run under SEBI's regulatory sandbox."  End

 

Reported by Rajesh Gajra and Kabir Sharma

Edited by Rajeev Pai

 

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