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Tuesday, November 24, 1998
Panel fails to reach consensus on Uniform settlement period
ENS ECONOMIC BUREAU
MUMBAI, NOV 21: The M R Mayya committee, set up by the Securities and Exchange Board of India (Sebi) to consider the feasibility of shifting to uniform settlement cycle, has again failed to reach a consensus on the issue of bringing uniformity in settlement periods on stock exchanges.The meeting of the committee ended on an inconclusive note for the third time here on Monday. The committee along with representatives of 23 stock exchanges is scheduled to meet on December 16. The sources said that the best time to bring in uniform settlements would be when stock exchanges move towards rolling settlements. But there is no unanimity among exchanges on this matter as well. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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