SEBI Approves Flexibility in Framework for Large Corporates to Raise Funds via Issuance of Debt Securities
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 23 September, 2023
Latest from Taxmann
PR No. 21/2023; Dated: 21.09.2023
SEBI in its board meeting has approved a proposal to provide flexibility in the framework for Large Corporates (LCs) to meet incremental financing needs via the issuance of debt securities. A higher monetary threshold has been specified for defining LCs, thereby reducing the number of entities qualifying as LCs.
Further, a removal of penalty has also been approved on LCs which are not able to raise a certain percentage of incremental borrowing from the debt market.
Further, the Board has also approved the proposal to extend the timeline for compliance with enhanced qualification and experience requirements for Investment Advisers.
The Board approved streamlining the framework for credit of unclaimed amounts of investors in listed entities (other than companies, REITS and InvITs) to the Investor Protection and Education Fund (IPEF) and process of refund from the IPEF.
Also, the timeline for compliance with enhanced qualification and experience requirements for investment advisers has been extended.
Based on the representations received from various stakeholders and in view of the emerging landscape of the domain of investment advice, SEBI extended the timeline up to 30.09.2025 to comply with these requirements.
Click Here To Read The Full Press Release
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
