Corporate 'good governance' v 'Compliance WITH LAW(s)- a fresh LOOK >

AN ALERT !

This time, for a change, from SEBI, the empowered Authority >

https://indiacorplaw.in/2018/07/sebi-proposes-wide-powers-penal-actions-auditors-company-secretaries-valuers-etc.html

Personal Comment :

@ https://www.facebook.com/swaminathanv3/posts/1757212511021694


For READY read:

IMPROMPTU (sporadic thoughts, to provoke MORE):

As read , and understood by self, what appears to have been underlined , rather implied , is the pressing need for regulating the professionals in practice of the specified and left to be so done. If so, that does not seem to suffer from any faulty logic, so as to be impudently or owing to imbecility, allowed to remain over sighted, for long !

SEBI being the regulatory authority empowered to control primarily the 'stock market', which, in turn, is intimately connected / directly linked to the 'company law' , ITS DEMAND for 'WIDE POWERS' , more so 'FOR PENAL ACTIONS AGAINST CSs', being the body of professionals who are obligated to ensure proper compliance with, besides company law, also all other laws having a direct bearing on 'corporate good governance' , - as independently viewed, based on common sense' , cannot be ignored , simply for the heck of doing so ?!

Pending EDIT / inviting EXPERTS / professionals , like minded and endowed with an impartial outlook, to openly shared their views.

(< For those are ones who are supposed to having a hand-on-experience through field practice; and, after all , as the saying goes- of implied wisdom requiring to be followed in our 'new normal' times (to employ the phrase chosen by no less a dignitary than the presiding chief of he APEX COURT) - the need of the hour is to set a wise crack(s) to catch self-professed but unwise crooks in the class.)

CROSS Refer> RELATED previous posts 

< MAY have MORE (to personally share) for the 'common good'

TAIL Note

 

https://www.firstpost.com/business/sebi-proposes-new-rules-to-penalise-auditors-valuers-is-the-market-watchdog-overstepping-its-mandate-4771541.html

Swaminathan Venkataraman

For instant personal reaction look up > https://www.facebook.com/swaminathanv3/posts/1757212511021694

Hopefully, this initiative from the SEBI must serve the purpose of AN ALERT to among others the 'realty' sector; -to be precise, going by grievances aired through public domain particularly wrt the GST law, - that is one sector in which , despite efforts made by the government to 'regulate' through a special legislation- (RERA act- for short) and bring about improvement from the viewpoint of 'public interest', the laudable objective behind, apparently, has failed to percolate through !

Like · Reply ·