The Securities and Exchange Board of India (Sebi) has constituted an Intermediary Advisory Committee to advise the markets regulator on changes in the legal framework and increasing transparency in the functioning of market intermediaries like stock exchanges, depository participants, and clearing corporations.
The committee will be chaired by former Sebi executive director S Ravindran, who in his assignment with the markets regulator handled the charge of the Corporation Finance Department. He also headed departments related to investment management, and foreign institutional investors and custodians.
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