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Request for Inputs: SEBI Consultation Paper on review of regulatory framework of promoter, promoter group and group companies
Request for Inputs: SEBI Consultation Paper on review of regulatory framework of promoter, promoter group and group companies

May 12, 2021

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Securities and Exchange Board of India (SEBI) has recently released a consultation paper to solicit comments from public on review of the regulatory framework of promoter, promoter group and group companies as per Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations).

The Consultation Paper provide suggestions on amendment to the following:

  1. Reduction in lock-in periods for minimum promoter’s contribution and other shareholders for public issuance on the Main Board.
  2. Rationalization of the definition of ‘Promoter Group’
  3. Streamlining the disclosures of group companies 
  4. Shifting from concept of ‘promoter’ to concept of ‘person in control’

In this regard, we request you to send your inputs/ views on the proposals by June 2, 2021 to tejasvi@nasscom.in

The consultation paper is attached for your reference.

 

 

 


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