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Sebi has begun the process of finalising norms on the way bourses are owned and do business, based on the feedback received on recommendations made by the Bimal Jalan Committee.

Leading vendors like HCL, Wipro, HP, Toshiba and Dell are expected to launch over 500 models of devices with the new chips in the coming months.
Under the solar power purchase obligation, states may start with 0.25 per cent in Phase-I, which stretches to 2013 and go up to three per cent by 2022.
The Power ministry had in November last year sent a proposal for 15 per cent fresh equity and 5 per cent disinvestment of govt stake in the company.
The shares will be alloted pursuant to the promoter group entity AAA Project Ventures exercising option to convert the warrants alloted to them in July 2009.
Both Inox Leisure and RMW had made their respective open offers for Fame India, which closed on January 4. Inox made the offer for 20.25 per cent stake.
Market analysts said besides weakening trend in Asia, continued offloading by speculators led to decline in gold futures prices. Gold futures prices fell by Rs 89.
Sebi is probing whether the stock brokers collected from the accused his income proof documents, a mandatory requirement for trade in derivatives market.
A Gurgaon court on Thursday extended the police remand of Shivraj Puri, the main accused of the Rs 300 crore Citibank fraud case, by six days.
Fresh trouble erupted for Citibank in the Rs 300 crore fraud case, with an investor alleging that the bank had offered to settle but later backed out.