On the issue of discrepancy between the Master Circular and the relevant circular, unfortunately that is how it is in any codifcation/consolidation exercise - see U.S. National Bank of Oregon v. Independent Insurance Agents of America, in the US context. But yes, I completely agree with you - practically it is a pain.
Sandeep Parekh is the founder of Finsec Law Advisors, a financial sector law firm. He was formerly an executive director of the Securities and Exchange Board of India (SEBI) where he headed the Legal Affairs and Enforcement Departments. Sandeep is a visiting faculty at IIM, Ahmedabad and has worked for a law firm in Delhi, Mumbai and Washington, D.C. He holds an LL.M. (Securities & Finance Regulation) degree from Georgetown University and an LL.B. degree from Delhi University. He is also admitted to practice law at New York and is a member of Mensa. He is a World Economic Forum “Young Global Leader” and has been invited to speak at Davos. Sandeep was a chairman and member of various SEBI and RBI Committees and sub-committees.
1 comment:
On the issue of discrepancy between the Master Circular and the relevant circular, unfortunately that is how it is in any codifcation/consolidation exercise - see U.S. National Bank of Oregon v. Independent Insurance Agents of America, in the US context. But yes, I completely agree with you - practically it is a pain.
Post a Comment