Ulip turf war: Sebi files caveats in 4 high courts

Securities and Exchange Board of India chairman CM Bhave has said his organisation is working closely with the insurance regulator to find a legally binding solution for Ulips. His comments came even as Sebi filed caveats in several high courts in the country to ensure its views are heard before any order is passed. But top law officers of the country denied the Sebi has moved the Supreme Court. How can Sebi directly move the Supreme Court. Even rumours about seeking the apex court s opinion are not correct...This is an unfortunate situation. Both the statutory regulators are trying to properly ...

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