SEBI Clears Tighter Norms For Related Party Transactions Among Other Measures
NDTV
SEBI has approved a slew of measures like tightening of norms for related party transactions and delisting rules among others
Markets regulator SEBI on Tuesday approved a slew of measures, including tightening of norms for related party transactions, relaxing rules for issuance of shares with superior voting rights in technology companies and delisting norms.
The board also cleared frameworks for gold exchange and social stock exchange (SSE) for fundraising by social enterprises, Sebi said in a statement.
In a significant move, the SEBI board has approved amendments to norms to enable the introduction of Silver Exchange Traded Fund (ETFs) with certain safeguards in line with the existing regulatory mechanism for Gold ETFs.
In its meeting on Tuesday, the board expanded the definition of the related party transactions. It has decided to make it easier for acquirers to delist equity shares after an open offer.
