Student (LLM) MJP Rohilkhand University, Bareilly
Recent surfacing of the Shrada Group Financial Scam has brought into question the role of SEBI. CBI's probe into the multi-crore Saradha scam gained momentum, the Supreme Court has slammed Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) and said they were largely responsible for “scams of such magnitude not just taking birth but flourishing unhindered”. The regulation of Collective Investment Schemes (CIS) like that of Sharadha has been a big problem in India.
Collective Investment Schemes (CIS), Scams, SEBI, RBI, Supreme Court
