Sithraman proposed to rationalise all securities market laws under one Securities Market Code. She also proposed the introduction of an Investor Charter.
“Securities Market Code will likely bring the much-needed consolidation in various market regulations. Investor charter has also been announced. Whether it will meet the same fate as the taxpayers charter remains to be seen,” said Jiger Saiya of BDO India.
“The Budget is expected to trigger a host of InvITs on account of infrastructure monetization program and will likely trigger a significant growth in this asset class and capital markets activity,” said Siddharth Srivastava, Khaitan & Co.
His colleague Siddhartha Shah said enhanced debt participation for foreign investors in InvITs and other measures will be a welcome move and enhance the depth of the debt markets in India.
