look news india
Mumbai/New Delhi, July 04 (HS). Chief Justice of India DY Chandrachud on Thursday advised capital market regulator Securities and Exchange Board of India (SEBI) and Securities Appellate Tribunal (SAT) to exercise caution amid the significant surge in the stock markets.
Chief Justice (CJI) Chandrachud said this in his address after inaugurating the new Securities Appellate Tribunal (SAT) complex here. The CJI said that SEBI and SAT should be cautious about the ongoing boom in the stock market. He also urged the officials to consider opening new benches of SAT. Because, the workload has increased due to high volume of transactions and new rules.
The CJI said that the more boom you see in the stock market, I believe the greater role of SEBI and SAT will be. These institutions will be vigilant, celebrate successes. At the same time, they will ensure that its foundation remains stable. He said that appellate forums like SEBI and SAT have “extreme national importance” in promoting a stable and predictable investment environment.
The Chief Justice said that timely action and correction of errors in the financial sector is extremely important. The CJI also launched the new website of this SAT. It has been prepared by the National Informatics Center. He said that with the progress in the digital sector, there is a need to rethink the concept of access to justice.