Many of the broking firms have also floated portals during the last couple of years for handing out such suggestions. The move is to ensure that their position as a market player should not be misused to the disadvantage of small investors, the sources added.

The post-Budget market scenario, which experienced a sustained bear hammering and was riddled with controversies about the involvement of broker directors in the operations of stock exchanges and payment crisis, and the steps initiated by the regulator to bring a semblance of normalcy to the market are likely to be discussed.

The board, which consists of representatives from the Finance Ministry, Department of Company Affairs and Reserve Bank of India, industrialist Kumar Mangalam Birla and Prof JR Varma, besides the Sebi chairman DR Mehta, is also expected to review the regulator's initiatives to implement the steps announced by Finance Minister Yashwant Sinha in Parliament on Tuesday, particularly relating to bringing A-group scrips under rolling settlement and corporatisation of stock exchanges.

Corporatisation of stock exchanges is hanging fire for sometime now, as transfer of assets by exchanges attracts huge capital gains tax under the present statute. Sebi has asked the government to announce one-time exception to the exchanges, so that they could initiate the process immediately. But there was no mention of this in the recent budget. The other issues on the agenda of the board pertain to necessary amendments to mutual fund regulations and those required for implementation of the recent Supreme Court judgement on registration fee on brokers. Since Sebi has agreed before the Supreme Court that it will adhere to RS Bhatt committee report while ascertaining the turnover of brokers, it has to effect necessary changes in line with the report, especially relating to treatment of jobbing turnover and underwriting activities of brokers.