"We take each of our decisions after active consultations (with public and other stakeholders), and take measures after that. But, it hurts when you people call us activists (working) to affect your business," Sinha said here.
Addressing the annual International Convention of ANMI (Association of National Exchanges Members of India), the Sebi chief said the measures that Sebi takes for risk management or investor protection should not be seen as a burden by the entities concerned.
Sinha noted that developing investor trust and certainty with regard to law and legal position were among the key factors to sustain growth in the country.
However, the Sebi chairman said that the recent scams and misconduct in the market has eroded investors trust.
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He also observed that investors have been losing money as more than two-thirds of the companies that hit the capital market are trading below their issue prices.
These measures include e-IPO, call auction on the opening day of an IPO, disclosure requirements, expansion of investor grievance redressal mechanism, certain obligations on merchant bankers, and simplified advertisement code as well as product labelling for mutual funds.
"Some people may find it very irritating that why Sebi is getting into, for example, labelling of products, but we want sustainable growth in the market and to generate trust in the market," Sinha said.
According to him, these measure have had positive impact in the capital markets.
He said: "Last five years, it has been proved within India and outside India that it is no longer situation where it is business as usual. People are becoming more demanding and more aware and their requirements have to be taken into account.