Mumbai, Dec. 18 -- The Securities and Exchange Board of India (Sebi) on Wednesday approved the amendments to SEBI Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018 to streamline certain requirements relating to public issue to enhance ease of doing business and increase the engagement and participation of retail investors. Board has approved amendment to ICDR to prescribe that in case lock-in of the specified securities cannot be created, the depositories shall record such securities as "non-transferable" for the duration of the applicable lock-in period.
The depositories through their system shall ensure that, subsequent to the invocation or release of pledge, the shares in the account of the beneficiary (pledger or ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.