New Delhi:The Centre on Monday conveyed to the Supreme Court that it has no objection to the proposal for setting up a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market. The Supreme Court bench headed by Chief Justice of India DY Chandrachud was hearing pleas relating to the Adani stocks rout after the Hindenburg report.
The central government additionally told the SC bench that it wanted to give the names of the domain experts for the committee and the scope of its mandate in a sealed cover in larger interest. Solicitor General Tushar Mehta, appearing for the Centre and SEBI, said that the market regulator and other statutory bodies are equipped to deal with the present situation arising out of the Hindenburg report.
"The government has no objection to forming a committee. But, the remit of the committee, we can suggest," Mehta said. We can provide names in a sealed cover, the law officer said. Mehta further apprehended that any unintentional message on setting up of the panel may have some adverse impact on the inflow of money.