Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit :: articles on VAT and GST in India :: list of goods taxed at 4% :: due date for vat payment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment
 
 
« General »
 While filing tax in India, NRIs do not have to report overseas assets
  Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
 SH. VISHWA NATH GUPTA Vs. PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL, KANPUR AND ANR.
 No tax scrutiny of big transaction if it matches income
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
  Home loan tax reliefs often missed by taxpayers
 Income tax department launches online facility for linking Aadhaar and PAN
 Home loan tax reliefs often missed by taxpayers
 Tax headache in India is a bonanza for global accounting firms
 Activities To Be Treated As Supply Even If Made Without Consideration Under CGST ACT
  Haryana Goods and Services Tax Bill passed

Sebi: Big corporates abuse power
December, 17th 2010

The Securities and Exchange Board of India (Sebi) chairman CB Bhave on Thursday said regulating bigger entities is a greater challenge for regulators worldwide. While addressing a function in Mumbai, Sebi chief said bigger entities have more persuasive power making it difficult to keep a check on them. Against the backdrop of the 2008 financial crisis when the bankruptcy of leading financial institutions brought down the whole financial markets world wide, the regulator said, Financial markets are ahead of us and the regulators should not be caught off guard.

Bhave further said the problem of regulating big corporates is a global phenomena and not restricted to India alone. And according to the regulator, the challenges for imposing a greater regulatory oversight is further compounded by the fact that these large entities use media and politicians to work around regulations.

Their political and media access is tremendous and, therefore, regulators are going to be at the receiving end whenever they try and do something about these big entities, he said, adding that the whole world is currently grappling with this issue and has not found an answer to it. They have tremendous ability to work around regulation and it will be interesting to see how this gets handled in the days to come, he said.

The collapse of Lehman Brothers, Bearn Sterns and other leading banks and financial institutions in the West had created crisis of confidence leading to a major liquidity crisis worldwide. Subsequently, financial market regulators globally have attempted to bring too big to fail institutions under greater regulatory oversight requiring them to have more disclosures. Further they have also tried to reduce excessive leverage in the system and bring more products traded on the Over The Counter (OTC) markets under the exchange trading platform to avoid counter party risk and ensure more transparency in the financial market functioning.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions