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Slew of reforms on the cards as Sebi board meets tomorrow
Besides, the board will consider a proposal to relax norms for the purchase of distressed assets. Another area of concern is 'favouritism' and family connections in appointment of independent and non-executive directors. These would be among several reforms to be considered by the board of the capital market regulator in its meeting on Wednesday, a top official said. Multiple agencies including Sebi are probing the irregularities that happened at the now-defunct National Spot Exchange Limited (NSEL).
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