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Our Bureau

New Delhi, March 5 The Securities and Exchange Board of India (SEBI) Board on Wednesday constituted a committee comprising its non-whole time members to oversee the conduct of all proceedings initiated by the regulator against National Securities Depository Ltd (NSDL).

The SEBI Chairman, Mr C.B.Bhave told reporters after the Board meeting that the committee would be headed by Dr Mohan Gopal, Director, National Judicial Academy, Bhopal. The other members of the committee are Mr V Leeladhar, Deputy Governor of RBI, and Mr Anurag Goel, Secretary, Ministry of Corporate Affairs.

The committee may also seek the advice of Mr Ravi Kadam, Advocate General of Maharashtra in its work, Mr Bhave added.

Mr Bhave, who had taken over as SEBI Chairman in February, had recused himself from all proceedings initiated by SEBI against NSDL, the organisation that he headed since its inception.

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