I have a piece with @parker_karia and @PurvaMandale Mandale in today's @FinancialXpress - the Securities Market Code is a welcome consolidation for structural reform: separation of SEBI's legislative, executive and judicial functions; stronger investigative powers with due process safeguards; and a shift from rule-based to principle-based regulation.
I have a piece with @PurvaMandale in today’s @EconomicTimes that re-classifying Real Estate Investment Trusts and Invit instruments as equity would unlock a lot of capital to be directed towards real estate infrastructure. It also follows some of the global practices of classifying REIT/InvITs as equity rather than hybrids. @FinsecLaw
Sebi's proposal to reclassify REITs and InvITs as equity could boost India's real estate and infrastructure
- @SandeepParekh and Purva Mandale
https://t.co/YfvVKJ2vfY
I have a piece in today's @FinancialXpress on SEBI's proposed amendment to stock exchanges and other MIIs governance with @NavneetaShankar and @PurvaMandale from @FinsecLaw. We argue that SEBI's micro-management is not a good idea and creates a moral hazard of 'SEBI certified' tag combined with a power vacuum at the top as the MD's powers are sought to be curtailed and who reports to whom is also prescribed.