Business Daily from THE HINDU group of publications Tuesday, Feb 06, 2007 ePaper |
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Opinion
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Letters Self-listing by BSE
This has reference to `Self-listing: SEBI looking at conflict of interests' (Business Line, February 4). The apprehension of `conflict of interests' has no place in the current situation when the stock exchanges are under the strict surveillance of SEBI. Strict enforcement of the extant SEBI measures itself would ensure fair-play by any listed entity. Even if SEBI appoints a committee for closer scrutiny of the scrip movements in the BSE, it does not dilute its own regulatory responsibility of surveillance of the market. The scrip should be listed on the NSE as well as other markets so that there is scope for comparative valuation. But all these steps may turn out to be superfluous to the effective monitoring by none other than SEBI itself. Taking a prejudiced view that self-listing may lead to a conflict of interests appears to go against the sanctity of the strict regulatory measures prevalent in the country. C. P. Velayudhan Nair Kochi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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