financial reforms. b.Goiporria Committee 1990 improvement of consumer service in banking c.Janakiraman Committee 1992 high-level enquiry on irregularities in securities. d.J.P.C. Shares scam in 1992. (e) Chandrashekar Committee: 1997 transfer of shares. (f) Pherwani Committee: 1991 established National Stock Exchange.<PIXTEL_MMI_EBOOK_200 5>216</PIXTEL_MMI_EBOOK_2005>