Sebi, the markets watchdog, has planned to overhaul the regulatory framework for corporate governance that includes appointment and removal of independent directors.

A high level panel has been looking at corporate governance issues such as those pertaining to related party transactions, auditing and effectiveness of board evaluation practices.

The Securities and Exchange Board of India (Sebi) has been looking to revamp the norms and the matter has been expected to be discussed at its board meeting later this month.

Read EquityPandit’s Technical Analysis of Indian Stock Market