CNBC-TV18's Ashmit Kumar says that 25-yr old Sebi stands at the cusp of a new India and faces challenges both old and new.
The finance ministry‘s move to amend the Securities Law in order to enable Sebi to regulate collective investment could be reactive, as they follow recent scams, but there definitely is need to expand the scope of the market regulator‘s power, says Sandeep Parekh, founder, Finsec Law Advisors.