Supreme Court Rejects Mahua Moitra's Plea for Public Disclosure of AIF, FPI Owners

SC Dismisses Mahua Moitra Plea Seeking SEBI Mandate for Public Disclosure of Identities of Ultimate Owners of AIFs, FPIs

Get latest articles and stories on India at LatestLY. A bench of Justices BV Nagarathna, R Mahadevan and DK Upadhyay said the relief sought by Moitra would effectively require the Court to create a new regulatory framework for public disclosure, which it could not do while exercising its jurisdiction under Article 32 of the Constitution under which petitioner MP has approached the Court.  India News | SC Dismisses Mahua Moitra Plea Seeking SEBI …

Supreme Court rejects Mahua Moitra's plea for public disclosure of AIF, FPI owners

The Supreme Court dismissed TMC MP Mahua Moitra's plea regarding the public disclosure of ultimate beneficial owners. The court noted that no legal framework currently mandates such disclosure by the market regulator, SEBI. While the court acknowledged the importance of investor awareness, it emphasized limitations under Article 32 of the Constitution. Solicitor General Tushar Mehta opposed the petition, highlighting the absence of statutory pro…

Supreme Court refuses to mandate public disclosure of investment fund owners

The Supreme Court refused Mahua Moitra's plea seeking mandatory disclosure of investment fund beneficiaries. The bench said such directions require an existing legal framework enforceable by courts.

SC rejects Mahua Moitra’s plea for public disclosure of AIF, FPI beneficiaries - OrissaPOST

New Delhi: The Supreme Court on Thursday refused to issue any direction to the Securities and Exchange Board of India (SEBI) mandating public disclosure of ultimate beneficial owners and portfolios of alternative investment funds (AIFs), foreign portfolio investors and their intermediaries in India. A bench of Justices BV Nagarathna, R Mahadevan and DK Upadhyaya, hearing […]