Securities and Exchange Board of India (SEBI) chairman U K Sinha today advised the corporate to re-align their expectations from the market and make use of the available infrastructure for revival of the market.
Speaking at CII’s 4th Capital Markets Summit on the theme ‘Deepening of Capital Markets: Faster Growth of the Economy’ here, Mr Sinha also urged corporate to focus more on compliance and strengthen their internal control systems.
He also stressed on the need for winning back the trust of the investors, particularly retail investors.
Lamenting the fact that between 2009 and now, Rs 60,000 crore worth of Regulator’s approval were allowed to lapse by companies who had filed Draft Red Herring Prospectus (DRHP) with SEBI, presumably owing to market conditions, he explained that this has necessitated Regulator’s intervention and examination of the deep-rooted causes.
