Having known how SEBI works for last many years, I am sure that if they have made up their mind to do something, they dont listen to any petitions,representations etc and they enforce their decisions. But we can make petitions and put our point of view but honestly I see very dim chances of they succeeding.We are seeing only our side but the Govt also may have some valid reasons for their views and they might have considered all pros and cons before they go public with those views.
But all is not lost and traders will come out as winners as always. In last many years traders met with many challenges such as SEBI tax, STT,Increase in lot size,requirement of audit based on our turnover,and more recently imposition of long term capital gains tax. In all the challenges, it was felt that trading profession is finished now but I have very strong faith in the adaptability of traders and evrytime traders not only adjusted with the change but came out stronger than before, so I am very confident that we traders will weather this storm as well.....so cheer up.....brighter days are ahead....
Smart_trade