Mumbai, Mar 28 () Markets regulator Sebi today said it plans to amend norms pertaining to minimum public shareholding and other provisions as well as put in place additional disclosure requirements for listed corporates undergoing insolvency resolution process.
After approval from its board today, Sebi has come out with a discussion paper on compliance with Sebi Regulations by listed entities undergoing corporate insolvency resolution process under the IBC.
The proposal comes at a time when there are increasing number of cases coming up under the Insolvency and Bankruptcy Code (IBC) as entities look to address issues of stressed assets in a time-bound manner.
“Various issues flagged in the discussion paper include aspects relating to di…
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