The Securities and Exchange Board of India (Sebi) is expected to get additional powers to penalise violators and an enhancement of its board strength is on the cards with the Union Cabinet all set to clear the Ordinance amending the Sebi Act on Monday.
The Cabinet is also expected to discuss an Ordinance on repealing the UTI Act, paving the way for its bifurcation. Jaswant Singh, who was on his first visit to Mumbai on Saturday after taking over as the finance minister, said:
