The proposed norms would be presented for Sebi's board approval at a meeting scheduled later this month, the officials added
The new framework will come into effect immediately
New norms may lead to fewer players in bankruptcy resolution
According to the new norms, the index shall have a minimum of 10 stocks as its constituents
The new norms would be effective from April 1, 2019
More than half of top 500 listed cos will have to split CMD post to meet Sebi norms
In such structures, a broker carries out trading activities for multiple clients through his own member account
The new rules also consider a stock's valuation-price to earnings ratio, client concentration and gyration in the stock price over a period of one month and one year
These are around structuring of boards, additional audits and enhanced disclosures and obligations
The government wants the special treatment extended to PSUs to continue