The departing chairman of the Securities and Exchange Board of India (Sebi), C. B. Bhave has hinted that there will be some major changes in the capital market. Mr. Bhave has said that SEBI is considering this matter seriously and there may be some vital changes in the key areas related to the capital market.

Bhave is going to complete his three-year term after 10 days. He has also added that such norms will make the deals between group companies more transparent. SEBI will propose that the ministry of corporate affairs tighten norms in these deals.

All interested parties along with promoters involved in such deals should follow these rules so that the transparency in capital market can be maintained.

The market regulator SEBI has said that, it is going to recommend the ministry the amendment. The ministry the amendment will add a clause at the Companies Bill, 2009.

After this amendment, the interested shareholders can be prevented from the special resolution voting of the prescribed related party transaction.

Bhave has said this while addressing the last board meeting of his tenure.