SEBI's board meeting TODAY! 100% ownership in bourses, easier process to open exchange and more—Check all key points to be taken up in meeting

The Securities and Exchange Board of India (SEBI) is meeting today to discuss the changes in promoter re-classification rules. It is also expected that the markets regulator will discuss the concept of Person in Control that will come in lieu of Promoter. The other key issues that the Sebi board is expected to discuss are: 

* Change in the definition under SEBI rules over time

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* Now in many cases, the promoter does not have all the rights 

* Private equity, control by other institutional investors 

* Promoter stake in new-age companies is often very low 

* The road to opening new exchanges will be easier 

* Discussion on the 100 per cent ownership rule in exchanges 

Easy to open exchange, depository and CC 

* Now individual 5 per cent and Institution limit 15 per cent 

* In 10 years, the stake is reduced to 51 per cent or the condition of 26 per cent 

* 49 per cent investment if FATF compliant foreign investors 

* Will be able to take up to 100 per cent stake in the existing exchange as well 

* SEBI approval is required for every 25 per cent or more purchase 

* SEBI approval is required for any merger and acquisition 

* Shareholder director other than Public Interest Director