Sebi board to take up a clutch of reforms proposals on Saturday
The meeting is in focus as the SEBI board is expected to discuss ongoing investigations into possible violations of securities laws in Tata Sons, United Spirits and Ricoh India.
SEBI is also expected to tighten rules on M&A. The proposal on its agenda is that in case of merger of an unlisted company with a listed company, the unlisted company will have to disclose material information, as specified in IPO guidelines.
The market regulator may also prohibit asset management companies and sponsors from holding stake in another fund house on the grounds of conflict of interest.