Indian Journal for Research in Law and Management

Advancing Law and Management

ISSN No. : 2583-9896

Zee-SEBI(Case Commentary)

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Sourya Veer Pratap Deo (2025). Zee-SEBI(Case Commentary). The Indian Journal for Research in Law and Management, Volume II(Issue 9). Retrieved from https://ijrlm.com/journal/zee-sebicase-commentary/

Abstract

The Zee–SEBI controversy reveals serious lapses in corporate governance at Zee Entertainment Enterprises Limited (ZEEL) and regulatory oversight by SEBI. SEBI barred founder Subhash Chandra and CEO Punit Goenka for allegedly siphoning public funds via layered, related-party transactions. The case highlights systemic failures: concentrated promoter control, opaque financial dealings, ineffective audit committees, and delayed disclosures by ZEEL. It also questions SEBI's reactive posture, delayed intervention, and reliance on whistleblowers. The saga calls for urgent reforms in LODR regulations, board accountability, audit independence, and regulatory coordination to prevent recurring crises in India's capital market.

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