SEBI Board meet on Wednesday

MUMBAI: Capital market regulator, Securities and Exchange Board of India (SEBI), will hold its Board meeting here on Wednesday, an official said.

"Our Board meeting will be held tomorrow," the official said, without, however, disclosing its agenda.

It is, however, understood that the Board meet, the first in the Satyam scam aftermath, would discuss the issue in detail.

The market regulator is understood to be mulling measures to prevent the recurrence of such scams in the future.

Among the measures likely to be taken up at tomorrow's meeting is peer review of audit of large companies and disclosure of shares pledged by the promoters to raise finance.

Sebi's primary market advisory committee is understood to have made a specific recommendation that disclosure of such pledged shares should be made public within 24-hours.