The Resolution Professional must now disclose the resolution approval immediately, within 30 minutes of the oral order, NSE said.
The Exchange said it will highlight the impacted securities according to the Resolution Professionals information (Image: Shutterstock)
The NSE has issued a set of guidelines for companies to follow under the Corporate Insolvency Resolution Process (CIRP), CNBC-TV18 reported,
As per this, the Resolution Professional must now disclose the resolution approval immediately, within 30 minutes of the oral order. Further, the Resolution Professional must also inform about impact of the resolution on existing shareholders of the listed securities.
The Exchange said it will accordingly highlight that security…
Read the full article at: https://www.moneycontrol.com/news/business/nse-issues-guidelines-for-companies-under-corporate-insolvency-resolution-process-7153191.html
