The Intersection of CCI and SEBI: An Overlapping of Legal Framework

  • Mohan Kumar N. and Jyotirmoy Banerjee
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  • Mohan Kumar N.

    LLM Student at Amity Law School, Amity University, Bengaluru, India

  • Jyotirmoy Banerjee

    Assistant Professor at Amity Law School, Amity University, Bengaluru, India

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Abstract

Multiple laws and regulatory bodies have been established to oversee transactions between organisations and make sure the parties involved are adhering to the rules before approving them. Like much of the globe, India has established several institutions for the same. With a focus on the Securities Exchange Board of India (SEBI), this study aims to identify sectorial regulators and analyse how its authority overlaps with that of the Competition Commission of India (CCI), the market regulator. The Legislative Reforms Committee has conducted an in-depth study on the financial sector's sometimes overlapping SEBI and CCI competency areas. This has raised questions about the justification for the establishment of several sector regulators, including SEBI and an overbearing market regulator, in order to preserve integrity for both investors and businesspeople. In light of the criticism of India's too complicated regulatory frameworks, this study looks at the regulatory authority of SEBI and CCI over different market sectors, areas of overlap, and the legislative reforms implemented to bring the laws into harmony and establish a consistent regime. The goal of the article is to resolve the regulatory overcomplication that is impeding the attraction of both local and foreign investment.

Type

Research Paper

Information

International Journal of Law Management and Humanities, Volume 8, Issue 1, Page 220 - 229

DOI: https://doij.org/10.10000/IJLMH.118907

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This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.

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