Concurrency of Jurisdiction and Conflicts between SEBI and IRDA

This Article focuses on the concurrent jurisdiction of Securities and Exchange Board of India and Insurance Regulatory and Development Authority of India and also the other market regulators including the Competition Commission of India and other cross sector and sector specific regulators. As SEBI has a very wide and broader scope of powers it creates overlapping leading to confusion and also delays in the processes due to this confusion. This Article basically focuses on jurisdiction, that is the speak of law the authorities can extend and take into consideration and also mentions mechanism which can be adopted to remove and avoid the conflicts between the Regulatory Authorities.