The Securities and Exchange Board of India (SEBI) has constituted an expert committee for corporate governance at stock exchanges, reports CNBC-TV18's Priyal Guliani.
Exchanges, behaving like mere ‘for profit’ organisations, need strategic investors and owners. The committee will consider to put in place, an eligibility criteria for opening an exchange. It will also mull over the option of self listing by stock exchanges and possible conflict of interest.
The regulator says that the committee’s views will be made public before the board considers them. Further, SEBI also wants networth criteria of Rs 100 crore to be adopted for stock exchanges, which the board may decide on.
Source: Moneycontrol.comCourtesy moneycontrol.com
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