Consideration of arrangements for immediate settlement in stock markets


Mumbai: Securities and Exchange Board of India (SEBI) Chairperson Madhbi Puri Buch said on Monday that SEBI is considering to create a system for immediate settlement in the stock markets of the country. SEBI is also considering changes in the delisting norms of stocks.

He said that the days are not far when we will see immediate settlement of transactions in the stock market. The Board is discussing with various stakeholders to shorten the settlement period.

SEBI is looking at speeding up the flow of new equity and debt instruments and other interventions using technology with the aim of helping capital formation in the country.

India's economy is in a strong position due to which SEBI's role to support capital formation has increased in importance.

The GST figures show the strength of the country's economy and advance tax payments by companies also indicate that their performance is promising, he added.

Meanwhile, in another report, Sebi's chairperson was also quoted as saying that Sebi is considering allowing delisting of shares of companies through fixed price instead of the reverse book building process.

SEBI intends to issue a discussion paper on this issue by December.

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