Sebi sets up three panels to push market reforms, ease of doing business

Experts to advise changes to framework around FPI, takeover code and social stock exchanges

The Securities and Exchange Board of India (Sebi) has set up three separate committees in a fresh push towards reforming the capital markets and improving ease of doing business. All three committees will be widely represented by various stakeholders and touch upon key areas such as foreign portfolio investors (FPIs), takeover code and the newly-introduced concept of social stock exchanges.

The 16-member FPI Advisory Committee (FAC) will be chaired by Hasmukh Adhia, Former Finance Secretary. It will also include H R Khan, former deputy governor, RBI and R Subramanian, Executive Director, RBI. The FAC will advise on issues pertaining to