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The Securities and Exchange Board of India (Sebi), at its board meeting in New Delhi on Saturday, proposed to review regulations for stock exchanges and clearing corporations.
The market regulator said it would float a discussion paper. The proposal is in line with recommendations of a committee headed by Bimal Jalan, former Reserve Bank of India governor.
Sources said the new regulations might allow stock exchanges and clearing corporations to align salaries of their directors with the Companies Act. At present, directors of stock exchanges are paid only sitting fees.
The customary post-Budget board meeting was attended
The market regulator said it would float a discussion paper. The proposal is in line with recommendations of a committee headed by Bimal Jalan, former Reserve Bank of India governor.
Sources said the new regulations might allow stock exchanges and clearing corporations to align salaries of their directors with the Companies Act. At present, directors of stock exchanges are paid only sitting fees.
The customary post-Budget board meeting was attended
