Overhaul of Sebi panels on the cards to accommodate govt nominees

At present, very few Sebi committees have finance ministry nominees

The Securities and Exchange Board of India (Sebi) is overhauling its key panels to give representation to senior government officers as ex-officio members. The move is aimed at improving the coordination between the government and the regulator. 

Sebi had last month restructured its primary market advisory panel and appointed senior officials from the finance ministry and the Ministry of Corporate Affairs in an ex-officio capacity. The panel is significant, as it advises Sebi on legal framework related to the primary market. 

Other panels, which will soon see government nominees, are the secondary market advisory committee, including ones on the development