Capital markets regulator, SEBI (Securities Exchange Board of India) relaxed takeover norms for the acquisition of stressed assets of list...
Capital markets regulator, SEBI (Securities Exchange Board of India) relaxed takeover norms for the acquisition of stressed assets of listed companies to help the government and the RBI in their efforts to tackle bad loans.SEBI Chairman Ajay Tyagi took the decision after a board meeting in Mumbai. SEBI's board also approved a proposal to tighten rules for participatory notes through the imposition of a regulatory fee on issuers of such instruments. SEBI will also issue a discussion paper for easier registration of foreign investors.
The Important decisions in the meeting are as follows:
1. Restructuring in stressed companies.2. Resolution plans approved under the Insolvency and Bankruptcy Code, 20163. Extension of Lock-in-relaxation to Category II Alternative Investment Funds (AIF)4. Consultation paper on Easing of access norms for investment by FPIs
Banking Takeaways from Above News-
- Mr. Ajay Tyagi is the Chairman of SEBI.
- SEBI is Headquartered in Mumbai.
- SEBI was established in 1992.
Source- The Hindu
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