SEBI chairperson Madhabi Puri Buch has highlighted the need to use AI to make regulations and company disclosures available to investors in diverse languages
The Security and Exchange Board of India’s chairman, Madhabi Puri Buch, has said that single corporate filings will soon be possible. While speaking at the Confederation of Indian Industry (CII) event on September 2, Buch stated that companies will be able to file disclosures on one of the exchanges, and the same will be reflected on other exchanges. The single filing will reduce the hassle for the companies.
“Single filing with exchanges is going to become a reality soon. If you file your disclosure with one exchange, it will be filled at the other exchanges," said Buch.
Apart from the single filing, she also addressed the issue of complex language used in the regulation and the need for simplification. She highlighted the need to include diverse languages with the help of AI. “There should be no barrier for people to be informed investors,” said the regulator’s chairperson.
As AI is venturing into all aspects of work. Businesses and corporates are incorporating the use of AI into their work culture and have helped in offering diverse products and services. Similarly, the emphasis by the Sebi chief that the use of AI can help in overcoming the language barriers faced by investors.
This was the first public address by the market regulator chief since her and her husband, Dhaval Buch’s name, surfaced in the Adani-Hindenburg controversy. The couple became the new names on the radar Hindenburg Research, the American short-seller. Previously, in its 2023 report titled, “The largest con in corporate history,” the short seller accused Adani Group of stock manipulation and financial misconduct. After more than a year now, it has been alleged foul play by Sebi Chief.
“...the current SEBI chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani,” said the US-based short-seller in its recent report.