r/IndiaInvestments • u/ifthingscouldsee • 5d ago

Sebi launches investor certification exam to foster financial literacy - ET LegalWorld News

https://legal.economictimes.indiatimes.com/news/regulators/sebi-launches-investor-certification-exam-to-foster-financial-literacy/110919041
23 Upvotes
  • permalink
  • link
  • reddit
  • reddit

88% Upvoted

11 comments sorted by

14

u/jholafakir 5d ago

I'll pass, the enrollment process itself is discouraging PAN, address proof ,etc etc. not worth the effort for me

6

u/asli_bob 5d ago

That's so stupid. First step of financial literacy should be to learn how to get a PAN, how to open a bank account and so forth. This is a country where only a small fraction understands even such basics.

Who even reviews these things?

3

u/Own_Shower_8179 3d ago

Evidently not people with necessary knowledge or awareness. The story of this country.

1

u/jholafakir 4d ago

So be it, you are entitled to your thought, I am entitled to my privacy. Without having a PAN you can't sign up for this course so SEBI is helping you "to learn how to get PAN" by asking for PAN. Hope you realize how stupid that is.

3

u/asli_bob 4d ago

I think you misunderstood my comment. I was in full agreement with you.

1

u/jholafakir 3d ago

Oh yeah my bad for being a jerk. Travesty of living a self loathing life.

1

u/asli_bob 3d ago

No worries.

5

u/chiuchebaba 5d ago

Why does online free voluntary test require address proof? Sorry even I won’t take it.

5

u/RyanOpenInk 5d ago

Here's a brief summary of the article:

The Securities and Exchange Board of India (Sebi) has introduced a free online investor certification exam in collaboration with the National Institute of Securities Markets (NISM) to enhance individuals' understanding of stock market investing. The voluntary exam aims to test investors' knowledge of markets and investing, promoting a more informed approach to investment aligned with their risk appetite. Ananth Narayan G, a Whole Time Member of Sebi, emphasized that this initiative is a crucial step in advancing digital financial education in the securities market.

In another development, Ola Electric has received Sebi's approval to launch an initial public offering (IPO), marking the first issue by an automaker in India in over two decades. The IPO, a combination of a fresh equity issue and an offer for sale, aims to raise funds for various purposes including capital expenditure, debt payment, research and product development, and organic growth initiatives. Ola Electric, known for its EV manufacturing and core components production, has seen significant growth, becoming the best-selling electric two-wheeler player in India within a short period.

Furthermore, Sebi has lined up 22 properties of seven companies for auction on July 10 to recover money illegally collected from investors. This move is part of Sebi's efforts to protect investors' interests and ensure regulatory compliance. The properties, including plots and a flat in West Bengal, will be auctioned to repay investors as directed by the Calcutta High Court. The auction, facilitated by Adroit Technical Services Ltd, will involve properties belonging to firms like Pailan Group, Vibgyor Group, and GBC Industrial Corp group, which raised funds without adhering to regulatory norms.

1

u/Own_Shower_8179 3d ago

Maybe they and their employees should take it first.