The Economic Times

Supreme Court rejects Mahua Moitra's plea for public disclosure of AIF, FPI owners

The Supreme Court dismissed TMC MP Mahua Moitra's plea regarding the public disclosure of ultimate beneficial owners. The court noted that no legal framework currently mandates such disclosure by the market regulator, SEBI. While the court acknowledged the importance of investor awareness, it emphasized limitations under Article 32 of the Constitution. Solicitor General Tushar Mehta opposed the petition, highlighting the absence of statutory provisions.