MUMBAI, Dec. 12 -- India's markets regulator is examining whether the recently introduced common penalty framework can also be extended to companies listed on the stock exchanges, Securities and Exchange Board of India (Sebi) chairperson Tuhin Kanta Pandey said at the Mint BFSI conclave on Friday.

On 10 October, Sebi rationalized the process for levying penalties on stockbrokers, who often hold memberships across multiple exchanges and risk facing duplicate penalties for similar violations. Under the revised framework, only the lead exchange will impose penalties for breaches occurring across exchanges.

Pandey said Sebi is now exploring whether a similar unified framework can be applied to listed companies that trade on both the Nationa...