NEW DELHI: Markets regulator Sebi on Friday proposed amendments to ease the compliance necessities for entities with listed non-convertible securities. This transfer will ease the price of compliance for members within the monetary sector, as introduced by govt in FY24 Finances.
In its session paper, Sebi proposed aligning the approval and authentication course of for monetary outcomes of entities with listed non-convertible securities to that of equity-listed entities.This can streamline the procedures, guaranteeing that monetary outcomes are accredited by board of administrators and signed by a chosen official, much like the necessities for equity-listed entities.
Sebi additionally proposed to align the provisions of disclosure guidelines for fraud and default by key managerial personnel in entities with listed non-convertible securities with these relevant to equity-listed entities. In line with the session paper, Sebi stated it’ll additionally streamline the timeline for notifying the exchanges of report date by entities with listed non-convertible securities could also be decreased from 7 to three working days. This proposal will present ample time for market members to reply.
In its session paper, Sebi proposed aligning the approval and authentication course of for monetary outcomes of entities with listed non-convertible securities to that of equity-listed entities.This can streamline the procedures, guaranteeing that monetary outcomes are accredited by board of administrators and signed by a chosen official, much like the necessities for equity-listed entities.
Sebi additionally proposed to align the provisions of disclosure guidelines for fraud and default by key managerial personnel in entities with listed non-convertible securities with these relevant to equity-listed entities. In line with the session paper, Sebi stated it’ll additionally streamline the timeline for notifying the exchanges of report date by entities with listed non-convertible securities could also be decreased from 7 to three working days. This proposal will present ample time for market members to reply.
