**Summary:**
This document summarizes the Indian Ministry of Finance's response to Lok Sabha Unstarred Question No. 4094, posed on August 18, 2025, regarding allegations against the Chairperson of the Securities and Exchange Board of India (SEBI). The questions pertained to conflict of interest allegations, non-appearance before the Public Accounts Committee, and measures to restore trust in regulatory bodies.
The Minister of State in the Ministry of Finance, Shri Pankaj Chaudhary, stated that SEBI has a Code on Conflict of Interests for its Board members, including the Chairperson. This code aims to ensure the Board acts in a manner that maintains public confidence and fulfills its mandate. Regarding the Chairperson's absence from the Public Accounts Committee, the Committee accepted the request for exemption due to a sudden personal exigency and adjourned the meeting. The response also indicates that there are no pending Lokpal cases against the former Chairperson of SEBI.
Key Entities Referenced
Ministry of Finance: A department of the Government of India responsible for economic and financial matters.
Department of Economic Affairs: A department within the Ministry of Finance, Government of India.
Lok Sabha: The lower house of the Parliament of India.
SEBI: The Securities and Exchange Board of India, a regulatory body for the securities market in India.
Public Accounts Committee of Parliament: A committee of members of Parliament of India that examines government accounts and audit reports.
Lokpal: An anti-corruption ombudsman in India.
Pankaj Chaudhary: Minister of State in the Ministry of Finance.
Committee on Public Accounts: The parliamentary committee that considered the request for exemption from personal appearance by the Chairperson, SEBI
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
LOK SABHA
UNSTARRED QUESTION NO. 4094
TO BE ANSWERED ON MONDAY, AUGUST 18, 2025 / SRAVANA 27, 1947 (SAKA)
ALLEGATIONS AGAINST SEBI CHAIRPERSON
4094: DR. BACHHAV SHOBHA DINESH:
Will the Minister of Finance be pleased to state:
(a) the action taken by the Government on the allegations of conflict of interest against
the SEBI Chairperson;
(b) whether the allegations were investigated by the concerned authorities and if so, the
details thereof;
(c) whether the Government has taken any action against the SEBI Chairperson for not
appearing before the Public Accounts Committee of Parliament;
(d) the manner in which the Government plans to restore trust in the country and ensure
effective oversight over SEBI and similar regulatory bodies;
(e) whether there is any existing or pending Lokpal cases regarding the same, if so,
details thereof; and
(f) the action taken by the Government in this regard?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE
(SHRI PANKAJ CHAUDHARY)
(a) to (f): The Board of SEBI has adopted a Code on Conflict of Interests for Members
of its Board, including the Chairperson, to ensure that the Board conducts itself in a
manner that does not compromise its ability to accomplish its mandate or undermine
the public confidence in the ability of its Members in discharging their responsibilities.The Committee on Public Accounts considered the request for exemption from
personal appearance by the Chairperson, SEBI due to a sudden and unavoidable
personal exigency and adjourned the meeting.
There are no pending Lokpal cases against former Chairperson, SEBI.
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