Sebi partially accepts Kotak panel recommendations on corp governance

Markets regulator Sebi on Wednesday partially accepted the recommendations of Uday Kotak committee on corporate governance as well as reduced the additional expenses charged on mutual fund schemes.

During its meeting here, the Sebi board also cleared various proposals including allowing stock exchanges to introduce shared co-location facilities, strengthening equity derivatives market and amending takeover regulations.

At present, mutual funds are permitted to charge additional expenses of up to 20 basis points of the daily net assets of their schemes in lieu of the exit load credited in the scheme.

Based on data and the recommendations of Mutual