New Delhi – The Supreme Court on Thursday said it would hear on October 14 TMC MP Mahua Moitra's plea to mandate public disclosure of ultimate beneficial owners and portfolios of alternative investment funds (AIFs), foreign portfolio investors and their intermediaries in India.

The plea came up for hearing before a bench of Justices B V Nagarathna and R Mahadevan.

Advocate Prashant Bhushan, appearing for Moitra, said they have filed the reply received from the Securities and Exchange Board of India (SEBI) on the detailed representation made by the petitioner on the issue.

The top court on April 1 asked Moitra to make a detailed representation to the SEBI on the issue.

Bhushan said they have also filed their response to the reply received from SEBI last month.

“You amend your writ petition,” the bench said.

Bhushan, while referring to the prayer made in the plea, said the SEBI's response to the representation does not answer the problem.

He said amending the petition was not necessary as the prayer would remain the same.

Bhushan argued the SEBI has said in its response that the Prevention of Money Laundering Act (PMLA) regulations deals with the issue.

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