Chairman U K Sinha vows ‘timely action’ against erring firms

Asserting that ‘timely action’ would be taken against companies violating rules, SEBI Chairman U K Sinha on Thursday said the regulator is very alert to ensure protection of investors’ interests. His comments came in response to a query on whether SEBI would be initiating action against MCX-SX which rejigged its board on Wednesday amid continuing payment crisis at its group firm National Spot Exchange Ltd (NSEL).

Without taking names, Sinha said the regulator would act to protect the interest of investors.

‘I would like to assure all of you that SEBI is very alert that the interests of investors, who are working
on the platform of SEBI regulations, are not compromised and are protected.’