Formal huddle for part-time Sebi board members

In a departure from normal practice, part-time members of the board of directors of the Securities and Exchange Board of India (Sebi) will have a separate meeting prior to the January 14 full-board convening. This is in line with the rules under the Companies Act of 2013, though the provision was not binding on the markets regulator.

According to sources, Sebi has written to all part-time members to conduct a separate meeting before the scheduled board meeting. At this meet, they may take up the board meeting agenda, too, and any other issue they deem fit.

The four part-time members