The Finance Ministry is set to take a call on the much talked about Bimal Jalan committee report on how to run bourses.

The recommendations of this report, which was submitted to the SEBI in November 2010, will come up for discussions at a meeting slated for September 30.

Senior officials of the Finance Ministry and representatives of the stock exchanges are to attend this closed-door meeting, which is likely to be in the form of a workshop.

The deliberations could form the basis for Finance Ministry's final views on the report, sources close to the developments said.

This is probably the first time that Finance Ministry officials will air their views on many controversial recommendations of the Bimal Jalan committee report. Dr Bimal Jalan, who headed the SEBI appointed committee appointed by SEBI, is also expected to present his views at the meeting.

The major issues on the table for discussion include listing of bourses and segregation of their regulatory and commercial roles.

Jalan committee's recommendations had created strong and divergent views among various stakeholders. The committee had recommended that bourses should not be allowed to be listed for now. All the stock exchanges are opposed to any such unilateral stance.

There is also difference of opinion on the issue of balance between regulatory and business functions of stock exchanges. Not all stock exchanges favour segregation of regulatory and commercial roles.

The report is yet to be considered by the SEBI Board, which has Union Government nominees. For the report to be considered and approved by the SEBI Board, the Finance Ministry has to decide on the recommendations.

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