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SEBI Consultation Paper - Protection of interest of public equity shareholders in case of listed companies undergoing CIRP
SEBI Consultation Paper - Protection of interest of public equity shareholders in case of listed companies undergoing CIRP

November 11, 2022

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SEBI has recently released the attached consultation paper on protection of interest of public equity shareholders in case of listed companies undergoing Corporate Insolvency Resolution Process. SEBI has received numerous references and grievances in respect of companies that have been delisted pursuant to approval of resolution plan.

In this regard, SEBI has placed a proposal taking into account the interest of all stakeholders including minority public shareholders while opening a new avenue for raising funds for the corporate debtor, without compromising the speed and efficiency of CIRP process for public consultation.

In this regard, we request you share your feedback/ comments on the consultation paper with tejasvi@nasscom.in by November 20, 2022.


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Consultation Paper- Protectin of interest of public shareholders CIRP.pdf

Tejasvi

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