SEBI Panel Submits Report on Conflicts of Interest and Disclosure Norms

  • Blog|News|Company Law|
  • 2 Min Read
  • By Taxmann
  • |
  • Last Updated on 12 November, 2025

Latest from Taxmann

conflicts of interest and disclosures

PR No. 71/2025; Dated: 10.11.2025

1. Background

The Securities and Exchange Board of India (SEBI), in its Board meeting held on March 24, 2025, approved the formation of a High-Level Committee (HLC) to conduct a comprehensive review of issues related to conflict of interest, disclosure norms, and related governance matters concerning members and officials of the Board.

2. Composition of the Committee

The High-Level Committee (HLC) was constituted with six members, including the Chairman, representing a mix of expertise in governance, ethics, and public administration.

3. Terms of Reference

3.1 Review of Existing Frameworks

To examine the current policies and frameworks governing:

  • Conflict of interest,
  • Disclosures regarding property, investments, and liabilities, and
  • Other related governance issues,

and to identify gaps, ambiguities, or overlaps that may exist in the present system.

3.2 Strengthening Systems and Procedures

To recommend a robust mechanism for preventing, mitigating, and handling conflicts of interest, including:

  • A structured recusal policy,
  • Enhanced disclosure requirements, including public disclosures,
  • Investment and trading limits for members and officials,
  • Maintenance of digital records, and
  • A framework for continuous monitoring and oversight.

3.3 Public Complaint Mechanism

To suggest a transparent process through which members of the public can raise concerns relating to conflicts of interest or non-disclosures, along with well-defined procedures for examination and resolution of such complaints.

4. Objective

The HLC aims to strengthen institutional integrity and transparency within SEBI’s governance structure, ensuring that ethical standards remain aligned with global best practices and public trust in market regulation is reinforced.

Click Here To Read The Full Press Release

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied

Leave a Reply

Your email address will not be published. Required fields are marked *

«
»

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied