NEW DELHI: Markets regulator Sebi on Friday proposed amendments to ease the compliance necessities for entities with listed non-convertible securities. This transfer will ease the price of compliance for members within the monetary sector, as introduced by govt in FY24 Budget.
In its session paper, Sebi proposed aligning the approval and authentication course of for monetary outcomes of entities with listed non-convertible securities to that of equity-listed entities.This will streamline the procedures, guaranteeing that monetary outcomes are permitted by board of administrators and signed by a chosen official, related to the necessities for equity-listed entities.
Sebi additionally proposed to align the provisions of disclosure guidelines for fraud and default by key managerial personnel in entities with listed non-convertible securities with these relevant to equity-listed entities. According to the session paper, Sebi mentioned it would additionally streamline the timeline for notifying the exchanges of file date by entities with listed non-convertible securities could also be lowered from 7 to 3 working days. This proposal will present ample time for market members to reply.
In its session paper, Sebi proposed aligning the approval and authentication course of for monetary outcomes of entities with listed non-convertible securities to that of equity-listed entities.This will streamline the procedures, guaranteeing that monetary outcomes are permitted by board of administrators and signed by a chosen official, related to the necessities for equity-listed entities.
Sebi additionally proposed to align the provisions of disclosure guidelines for fraud and default by key managerial personnel in entities with listed non-convertible securities with these relevant to equity-listed entities. According to the session paper, Sebi mentioned it would additionally streamline the timeline for notifying the exchanges of file date by entities with listed non-convertible securities could also be lowered from 7 to 3 working days. This proposal will present ample time for market members to reply.
