``Besides, we have to discuss the issue of Rajendra Banthia's stepping down from the governing board on moral grounds in the next meeting,'' say BSE officials. Both Banthia and BSE executive director, R C Mathur are currently of the country and are expected to return only by November 3.

In the case of Rajendra Banthia, director of Harvest Deal Securities, his alleged role in the price rigging and cornering of shares of Nedungadi Bank, which is being probed by Sebi, will also be discussed in the BSE meeting.

Meanwhile, sources say that of the 12 brokers, BSE has already switched off the terminals of eight brokers while another four will be switched off on Monday asper the SEBI order. ``We were expecting some kind of action by the SEBI this time... we are not surprised,'' said one of the suspended broker whose terminal has been already switched off by the BSE and staff sent home.

The regulator has asked the exchange to circulate the names of these entities and the action taken against them to all members of the bourse. Following the receipt of the letter, the exchange president, JC Parekh has issued show-cause notices to the members in question. The four members who are currently trading on BSE are: Ramrakh R Bohra, Mahico Pvt Ltd, Mefcon Securities and Harvest Deal Securities. The other brokers terminals have been deactivated since the crisis.