02 November 2008

The Sentimental laws of India – Vol I

When I attended my first year law, I remember several types of laws including the constitution, statutory laws and various types of delegated legislations and executive orders. But this is clearly the first sentimental law of India passed by SEBI and that too by a Press Release - "SEBI disapproves of the activity of the foreign institutional investors lending shares abroad." and "The custodians are requested to communicate to their FII constituents the disapproval of SEBI as stated above."

Please see my blog at livemint.com here.

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