Tussle between SEBI & IRDA
This query is : Resolved
Bhavani Prasad CN
(Querist)
14 April 2010
Dear Learned members
Where do you think the fiasco between IRDA and SEBI is going to end.SEBI once again reiterated that the new ULIPS from 10-04-2010 shall be under the purview of SEBI.
What is the role of IRDA in the current juncture,do you think its just one more regulator or does it have any discretionary powers in the current issue.
Members views are solicited
Where do you think the fiasco between IRDA and SEBI is going to end.SEBI once again reiterated that the new ULIPS from 10-04-2010 shall be under the purview of SEBI.
What is the role of IRDA in the current juncture,do you think its just one more regulator or does it have any discretionary powers in the current issue.
Members views are solicited
16 April 2010
The evening news is that In the face of Hyderabad-based Insurance Regulatory & Development Authority's (IRDA) decision of moving court to challenge a ban on Unit Linked Insurance Products (ULIP) imposed by it, market watchdog the Securities and Exchange Board of India (Sebi) today moved the Supreme Court and some High Courts to guard against any ex-parte decision.
According to highly placed sources, the Sebi filed caveats including in High Courts of Delhi, Bombay and Hyderabad but no official comments could be obtained from the market regulator.
While SEBI is all these acts stating that it is in the interest of the investors, it is also a fact that if regulators fight in this way for their rights, then it is definately not a good sign. who knows SEBI might now bring the pension scheme under its purview.
According to highly placed sources, the Sebi filed caveats including in High Courts of Delhi, Bombay and Hyderabad but no official comments could be obtained from the market regulator.
While SEBI is all these acts stating that it is in the interest of the investors, it is also a fact that if regulators fight in this way for their rights, then it is definately not a good sign. who knows SEBI might now bring the pension scheme under its purview.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
