major reforms after 1991

Question 1

what are the main reforms that took after 1991

Answer 1

disclosure and investor protection guidelines issued
disclosure based regime
pricing of public issues determined by the market
system of proportional allotment of shares introduced
Banks psus and FIs to be allowed in primary market
accounting standards made closer to the international standards
corporate governance guidelines issued
FIIs allowed to invest in primary issues
mutual funds are encouraged
private placement of debt guidelines issued
self regulatory organisations promoted by SEBI