The Securities and Exchange Board of India (SEBI) has postponed its board meeting again, which was scheduled to be held on June 30. The SEBI has postponed its meeting for the second time in recent days. The meeting is likely to held after the Chairman of SEBI and the Finance Minster of India, Pranab Mukherjee will return after his three-day US visit to meet Secretary of Treasury, Timothy F Geithner.

During its meeting, the SEBI is likely to take a call on the revised Takeover Code, besides the NSDL issue and a report on the Mutual Fund industry. The board will also decide on mutual fund transaction cost during its meeting.

Besides Mukherjee and U K Sinha, the Indian delegation of the SEBI includes Reserve Bank of India (RBI) Governor, D Subbarao, Department Of Economic Affairs Secretary, R Gopalan, Chief Economic Advisor, Kaushik Basu, Financial Services Secretary, Shashikant Sharma and Forward Markets Commission Chairman, B C Khatua.

Chairman, UK Sinha said that the capital market in India has grown significantly, but there are areas of weaknesses that are required to be addressed.