SEBI board to meet on Thursday

Our Bureau Updated - November 22, 2011 at 10:13 PM.

Discussion on the consent order mechanism and introduction of a circuit filter on listing day are some of the matters scheduled for consideration when the Board of stock market regulator SEBI meets on Thursday.

Finalisation of the nitty-gritty on uniform know-your-customer (KYC) norms could also be on the agenda, said sources.

SEBI is expected to implement some changes in the IPO process. Following reports of delivery of higher number of shares on day-one than what was offered (in some recent IPOs), it is expected that the regulator might wield the stick this time. Also on the anvil is a debate on closed versus open book-building in public offerings.

Discussion on Alternative Investment Funds, regulation of investment advisors and making corporate social responsibility mandatory following the Ministry of Corporate Affairs' advice are some other issues that could be discussed.

The restructuring of SEBI, including new establishment of offices at Guwahati, Lucknow and Hyderabad and a separate regional office at Mumbai could also be part of the agenda.

Published on November 22, 2011 15:43