Jagdish Kapoor to head panel on MAPIN
New Delhi: A former deputy governor of the Reserve Bank of India, Jagdish Kapoor, has been picked to head a six-member committee, which will examine the coverage parameters of the proposed national database on investments or MAPIN. A formal announcement on the composition of the committee is likely to be made by the Securities and Exchange Board of India (Sebi) in a day or two.

The high powered committee will also consist of Prime Database Chief ,Prithvi Haldea, chairman of the Association of Mutual Funds of India (AMFI) A.P. Kurien and the head of the National Securities Depository Limited, C.B. Bhave.

The proposed MAPIN scheme might eventually require investors with transactions of Rs1 lakh plus and all market intermediaries and their relatives to obtain a unique identification number (UIN) after getting their fingerprints and photographs recorded.
The idea is for Sebi to detect market manipulation, inside trading or benami tranactions.
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