The Securities and Exchange Board of India (Sebi) has got a new chairman.
The Securities and Exchange Board of India (Sebi) has got a new chairman. As it was expected, in the very first meeting the new chairman Ajay Tyagi has put his marks which is clearly visible in the decisions taken. Some long pending demands and plans were cleared like norms relating to capital raising, IPOs, mutual funds, equity and commodity derivatives trading etc. Some of them are in fact sweeping changes.
First of all, Non-resident Indians (NRIs) will not be allowed to buy participatory notes.
Second: To ensure that funds raised are not misused, Sebi has decided to monitor how companies which raise more than ₹ 100 crore in IPOs use these proceeds although the actual monitoring would be done by an external agency. Earlier, the floor was ₹ 500 crore. The regulator has made it compulsory for companies to appoint a monitoring agency and the agencies will have to submit their report every quarter now and companies will have to publish this report on their websites besides sending to stock exchanges.
هذه القصة مأخوذة من طبعة May 2017 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 2017 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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