SEBI's new norms promote transparency, accountability and investor confidence https://ift.tt/E3vfbGL has approved measures to strengthen the securities market and corporate governance of listed entities. These changes include allowing self-sponsored REITs and InvITs with board control or investment manager control. Unitholders with a 10% or higher holding in REITs or InvITs will have the right to nominate representatives on the boards. SEBI has also reduced the timeline for listing shares in public issues from T+6 days to T+3 days to expedite the listing process. Additionally, foreign portfolio investors will have to meet additional disclosure requirements to prevent violations of minimum public shareholding norms.
Thursday, June 29, 2023
SEBI's new norms promote transparency accountability and investor confidence
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