SEBI has come out with SEBI (Listing Obligations and Disclosures Requirements) (Sixth Amendment) Regulations, 2018 on November 16, 2018 synchronise it with the recommendations of the Uday Kotak Committee and suggestion by various stakeholders to a consultative paper. The brief of the Amendment along with the Changes have been discussed below:
The plethora of amendments brought by SEBI are aimed at simplifying, streamlining and bringing greater clarity in existing regulations. The amendments will provide a mechanism to protect shareholders’ interest by applying proper care, skills and diligence to business decisions.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam