Even though the Securities and Exchange Board of India (Sebi) has asked for an amendment to the Securities Contracts (Regulation) Act for the corporatisation of stock exchanges, the finance ministry feels there is no need to amend the Act. It also feels brokers should be distanced from the management of exchanges, which has not been insisted upon by Sebi.
The Sebi board has decided to recommend an amendment to the Act at its meeting on Friday. The market regulator
