The Finance Ministry has called a meeting of stakeholders on August 16 to firm up its view on the Jalan Committee.

The Committee had given its suggestions on the ownership and governance of stock exchanges.

The Corporate Affairs Ministry has also discussed the report with various stakeholders.

Sources told the Finance Ministry will also take cognizance of the views emerged during the meeting between stakeholders and the corporate affairs before firming up the Government views.

A senior Finance Ministry official told Business line , “After listening to the stakeholders on August 16, the Government will firm up its view and present them before the SEBI Board, which is likely to take call very soon.”

The Economic Affairs Secretary, Mr R Gopalan, will preside over the meeting.

The Jalan Committee, which submitted its report on November 23, 2010, has recommended mainly that exchanges should not be allowed to list, a ceiling be put on their profits and dividends, and the role of anchor investors be limited to only domestic players.

Stock exchanges are upset mainly over the suggestion of ban on listing and divided over segregation of regulatory and commercial power.

The Bombay stock exchange and MCX do not feel segregation of regulatory and commercial power should be linked to listing, but the National Stock exchange feels otherwise.

Sources in NSE say that the exchange is not opposed to listing.

It, however, feels that the regulatory role needs to be segregated as otherwise there could be the conflicts of interest.

> Shishir.s@thehindu.co.in

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