SEBI Amends Public Shareholding Norms For Insolvent Companies, Mutual Fund And FPO Regulations

published 16.12.2020 16:07

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Relaxations In Lock-in Period for Promoters.Another important change approved by the market regulator pertains to the removal of minimum promoter contribution and subsequent lock in requirements for issuers who intend to make a further public offer (FPO).

Here are the key changes approved by SEBI’s board.....Minimum Public Shareholding For Companies Undergoing CIRP.SEBI’s listing regulations require a listed insolvent company to maintain a minimum public shareholding.

The Securities and Exchange Board of India, in its board meeting held today, has also approved changes in the regulations governing eligibility criteria and net worth of mutual funds, investment advisors and lock in period for promoters of issuers making a further public offer.

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