SMC Bill seeks to end regulatory overhang; caps SEBI’s inspection, probe powers at 8 years
The Securities Markets Code (SMC) Bill draws a clear line on Securities and Exchange Board of India (SEBI) enforcement reach by imposing an eight-year statutory limit on inspections and investigations, a move aimed at preventing prolonged regulatory overhang on market participants. However, this eight-year limitation will not apply to cases that have a systemic impact…