The proposals include relaxing the requirement of a minimum 25% public shareholding and the stringent procedures to de-list a stressed company, if that is part of the resolution plan. (Reuters)The Securities and Exchange Board of India (Sebi) will consider a raft of proposals to ease various compliance procedures for listed insolvent companiesespecially with regard to trading, listing and de-listing norms, and declaration of financial resultsat its board meeting on Thursday, official sources told FE. The proposals include relaxing the requirement of a minimum 25% public shareholding and the stringent procedures to de-list a stressed company, if that is part of the resolution plan. The need for mandatory disclosures of all …
Read the full article at: http://www.financialexpress.com/market/how-sebi-plans-to-ease-compliance-for-insolvent-companies/990991/
