| Subscribe To Our Free Newsletter |
Sebi proposes amendments to ease compliance for entities with listed NCDs
Capital markets regulator Sebi on Friday proposed amendments to ease the compliance requirements for entities with listed non-convertible securities.
This move will ease the cost of compliance for participants in the financial sector, as announced by the government in FY 2023-24 Budget.
In its consultation paper, Sebi proposed aligning the approval and authentication process for financial results of entities with listed non-convertible securities to that of equity-listed entities.
This will streamline the procedures, ensuring that financial results are approved by board of directors and signed by a designated official, similar to the requirements for equity-listed entities.
The regulator also proposed to align the provisions of disclosure rules for fraud and default by key managerial personnel in entities with listed non-convertible securities with those applicable to equity-listed entities.
As per the consultation paper, Sebi said it will also streamline the timeline for notifyin
