Key Points
The Board of the Securities and Exchange Board of India (Sebi) on Friday approved a proposal to exempt additional disclosure requirements for FPIs (foreign portfolio investors) having over 50% of their India equity AUM in a single corporate group if certain conditions are met...
The relaxations in certain disclosure norms are aimed at ease of doing business.. Further, the market regulator has also approved a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers..
Last month, the capital market regulator floated a consultation paper, seeking comments on its proposal to ease additional disclosure requirements for foreign portfolio investors...
The market regulator said that as long as the composite holdings of all such FPIs in the apex company in the group are less than 3% of the total equity share capital of the company, it would be exempted from the additional disclosure requirements...
In order to make it easy for companies to access public markets, the regulator has accepted a proposal that seeks to do away with the requirement of a 1% security deposit in public/rights issue of equity shares.. Further, promoter group entities and non-individual shareholders holding over 5% of the post-offer equity share capital will be permitted to contribute towards minimum promoters contribution (MPC) without being identified as a promoters...
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