I have no idea about how many of us know /have experience of dealing with SEBI. SEBI is a tough regulator and it does not care about anyones moods...once SEBI makes up its mind, it is next to impossible to change it...we have to follow its regulations to the letter and to the spirit whether we like it or we donot like it. Remember how SEBI killed Mutual fund distributors business with one regulation and they did not budge from their stand even an inch.
Smart_trade
Smart_trade