Business Standard

BS People: G Mohan Gopal

Internal watchdog

Related News

It is ironical that did not draw much attention when he was part of the Securities and Exchange Board of India (Sebi), say board insiders. This was surprising because Gopal was known to be a no-nonsense and straight-forward person, who could not be manipulated.

G Mohan GopalThe man instrumental in making disclose and upload its agenda papers on its website is now in news for his letter to the Prime Minister’s Office on the issue alleging abuse of power to favour the then chairman.

Gopal is the director of the and is highly regarded in the legal circles, especially among judges regular at the institute.

Gopal became a member of Sebi when was the chairman. Those who know him say he sticks to his points and expresses those in a way that clearly shows he stands to lose nothing. If you cannot convince him about something, it is difficult to get it through, they say.

This is corroborated by the fact that he, as a member of the board, went on to question the role of the regulator itself. Not many would question their chairman and the organisation they work for. Many feel he was the internal watchdog, or the whistle-blower, at Sebi.

In a way, his stand has been vindicated nearly two years after Sebi set aside his orders related to NSDL, earlier headed by former Sebi chairman C B Bhave. The Supreme Court has asked Sebi to reconsider the orders of the two-member committee comprising Gopal and former deputy governor V Leeladhar.

Gopal, who hails from Kerala, holds a masters degree and doctorate in law from Harvard Law School, USA, and a bachelors degree in law from the Delhi University. He has earlier worked with the World Bank, Asian Development Bank and has taught law at the National University of Singapore and Georgetown University Law School, Washington, DC.

He was also responsible for designing the code on conflict of interests for Sebi members. According to someone who has tracked him closely, the code was followed in letter but not in spirit when the NSDL case was being handled. This explains why his profile on the National Judicial Academy website does not mention anything about his stint at Sebi.

Read more on:   
|
|
|
|
|
|
|
|

Read More

Planning for retirement through pension plans?

A combination of EPF, PPF, NPS along with equities will be a good option

Quick Links

 

Market News

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Silver down 0.6% on weak global trend

Weak trend trend overseas, eroding demand for the precious metals, pulled down silver prices

Back to Top