Advertisement
Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
  Advertisement
      Discuss  |             Email   |         Print  |  Get latest news on your desktop

Sebi to hire more legal hands

 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
   
  Advertisement
December 29, 2008 16:54 IST

The Securities and Exchange Board of India has called for applications from legal professionals, according to the regulator's website.

The watchdog has called for applications for the post of deputy legal adviser(s) to strengthen its legal team, tighten regulations and take enforcement actions.

"In light of Sebi's efforts to tighten its regulations and taking enforcement actions, the recruitment of deputy legal advisers assume significance," it said.

According to the Sebi Annual Report, 3,656 cases were pending for enforcement actions as on March 31. Last year, the market regulator had introduced the 'Consent Order' scheme with 350 consent orders already having been passed.

Sebi currently has two legal advisers and three deputy legal advisers in its legal department at its head office, it said.

The regulator has an executive director (law) who looks after the legal affairs and the enforcement departments.

While Legal Affairs provides legal counsel to the board and its other departments, the enforcement department is responsibly for proceedings related to regulatory action and obtaining redress for violation of securities laws.

The enforcement department also takes care of proceedings related to regulatory action against all market participants, issuers and individuals.


© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
       Email  |        Print   |   Get latest news on your desktop

© 2008 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback