A crucial meeting of the core committee of the Securities Industries Association of India (SIAI) is scheduled to be held in Mumbai on Thursday (August 2).
Representatives from the National Stock Exchange, the Bombay Stock Exchange and the bourses at Kolkata, Ahmedabad, Delhi, Kanpur, Hyderabad, Chennai, Pune, Mangalore, Bangalore, Vadodara, Rajkot, the OTCEI and the inter-connected stock exchange will attend the meeting.
In this meeting, the chairman of Securities Industries Association of India will be appointed.
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The meet will also take appropriate decisions in connection with the uncertainty in the stock exchanges.
Anil Shah, secretary of the ASE Brokers Association, said there is the possibility of making a strong representation regarding the ban on the 135-year-old badla as well as the procedure adopted by the Securities and Exchange Board of India (Sebi) for collection of turnover registration fee from brokers.
He added that the meeting will also arrange to meet the finance minister and the other officials of the finance ministry.
If no steps are taken by the finance ministry, the ASE Brokers