Mumbai, Oct. 29 -- In a recently issued consultation paper, the Securities and Exchange Board of India (SEBI) has proposed a series of relaxations to ease the compliance burden for companies that have only listed their debt securities.

The securities market regulator has suggested revising the definition of corporate high-value debt listed entities (HVDLEs) and exempting smaller issuers from stringent corporate governance and related party transaction (RPT) requirements.

Currently, companies that have listed non-convertible debt securities worth Rs 1,000 crore or more are categorized as high value debt listed entities (HVDLEs). These entities must adhere to several corporate governance rules similar to those required for listed stocks....