Mumbai, April 26: Securities and Exchange Board of India (SEBI) board meets to discuss stricter norms to check any flow of black money into the stock market through controversy-ridden P-Notes as well as initiate steps to allow mutual fund investments via e-wallets.
According to sources, markets regulator will consider new norms for allowing options trading in commodity derivatives market. Rules would be relaxed for registration of foreign investors and for common license to brokers to deal in equities and commodities
The SEBI board will meet on Wednesday, which would be its first meeting under chairmanship of Ajay Tyagi, who took charge on March 1.
Amongst a slew of reform measures, the SEBI board will consider making it easier for banks and financial institutions to get shares of the companies they have exposure to by way of conversion of loan into equity.
The Sebi board will also take stock of long-pending investigations and cases, and will consider putting in place an internal guidance note for dealing with quasi-judicial matters.
The market regulators will also come up with new guidelines for dealing with offshore derivative instruments, also known as participatory notes to curb the black money entering the nation. The stock exchanges will implement graded surveillance to monitor the share prices.