Sebi board meet on June 18

The Securities and Exchange Board of India (Sebi) will have its board meeting on June 18 to take a view on several capital market....

Written by ENS Economic Bureau
Mumbai | June 17, 2009 02:27 AM IST

1 min read

The Securities and Exchange Board of India (Sebi) will have its board meeting on June 18 to take a view on several capital market issues including reforms in rights issues,passing cease-and-desist orders in case of takeover violations,getting call records from telecom operators and directing any person to disgorge unfair gains. The controversial NSDL issue is also likely to be discussed by the board of Sebi.

The meeting is widely expected to discuss a new set of Issue of Capital and Disclosure Requirements’ Regulations that would replace the Sebi (Disclosure and Investor Protection) Guidelines,2000. It will discuss measures to rationalise rights issue disclosure norms and on reducing the issue processing time. As part of rationalisation,Sebi is likely to modify some disclosures while dropping some other. While bringing about these changes,all efforts will be made by the regulator to protect the interest of existing investors.