Participants at the RRU’s first National Moot Court Competition get inspired by the valedictory address of Shri Ashwani Bhatia, SEBI Whole-Time Member of the Financial and Economic Security
Rashtriya Raksha University, an Institution of National Importance, Pioneering National Security and Police University of India, Ministry of Home Affairs, successfully concluded the first edition of its National Moot Court Competition focusing on the theme of financial and economic security of the nation on Friday, 25 August 2023. Thirty-eight (38) teams from 18 states of India participated in the Competition.
SVKM Pravin Gandhi College of Law, Mumbai, won the trophy and the Maharashtra National Law University was adjudged as the runner-up. Ms. Blaisy Babby Peter of Christ (deemed to be University), Bengaluru, Ms. Shreya Madaan, Symbiosis Law School, Pune, and Maharashtra National Law University won the Best Speaker, Best Researcher, and Best Memorial prizes.
Justice B. N. Karia, former Judge, of Gujarat High Court delivered the Chief Guest address and Shri Ashwani Bhatia, a Whole-Time Member, of the Securities and Exchange Board of India addressed the valedictory function and felicitated the winners and participants. Justice Karia emphasized the importance of financial and economic security-related moot issues that are being addressed by students through participation in the moot competitions.
Shri Bhatia, WTM, SEBI, emphasized that “economic and Financial Security is an important cog in the wheel in the overall National Security. Financial Security ensures that millions of Indians can afford to carry on their business, and provide livelihood”. Shri Bhatia also narrated the evolution of financial prowess and capital growth of the Indian market. He underlined that “there is an old saying that the Stock Market is the barometer of the Economy. Stock Markets help raise capital for Companies while providing investment opportunities to capital surplus institutions/ nations”. Furthermore, he mentioned that “in the last 30 years, India has provided a robust capital market with the introduction of screen-based trading i.e. complete online trading, fastest settlement in the world – T+1…equity markets have seen broad-based participation Number of stock market investors especially retail are increasing which indicates an increased amount of household savings being invested in the capital market. Long-term investors in the securities market are rewarded.” He provided data for growth in the capital market. He emphasized how the “SEBI has put up a robust framework for ensuring investor protection in securities market by regulation of fund-raising activities, registration and regulation of market intermediaries, surveillance of market activity, investigation and enforcement and redressal of investor complaints through investor friendly, centralized web-based complaints redressal system of SEBI (SCORES)”. Finally, he spoke of various initiatives for “promoting investor awareness and education… Investors are discouraged from investing in unregulated activities and beware of unsolicited stock tip messages and get-rich-quick schemes.”
