Supreme Court dismisses Mahua Moitra’s plea on public disclosure of fund ownership
- The Supreme Court on Thursday dismissed TMC MP Mahua Moitra’s plea on fund ownership disclosure.
- She wanted SEBI to name the ultimate owners of alternative investment funds and foreign investors.
- The bench said market regulator Securities and Exchange Board of India SEBI can collect that data, but no law requires it to be public.
- Moitra cited nearly 14 crore retail investors; the court asked why she had not raised it in Parliament.
Source: moneycontrol.com
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