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Sebi Chairman Flags Egregious SME Misconduct
11 Feb
Summary
- SEBI chairman noted serious misuse of SME platform relaxations.
- Instances of fund diversion and market manipulation were highlighted.
- SME platforms are crucial for capital formation despite issues.
Securities and Exchange Board of India (Sebi) chairman Tuhin Kanta Pandey has identified severe instances where small and medium-sized enterprises (SMEs) have exploited regulatory leniency. These alarming cases involve the improper diversion of funds and deliberate market manipulation.
Pandey made these remarks while emphasizing the critical role that SME platforms now play. He described them as powerful engines essential for effective capital formation within the economy.
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