Tag: CII

freepressjournal_2020-01_420bac21-e50c-4f50-a68e-06a4496d2425_23JIMC

Markets regulator Sebi has delayed by two years to April 2022 it's directive for registered companies to split the positions of chairman and MD in view of demand from corporates and to keep agreement burden lower in the track of the current financial scenario.

In a recent Capital Market seminar organised by if Confederation of India Industry, SEBI chairman Ajay Tyagi said that of the total 91 listed government companies 45 of them do not comply with the minimum public shareholding norms, which is 25%. He added that such public companies are required to come forward and comply with the norms, thereby increasing their public shareholding norms to at least 25%. Companies need to increase their liquidity and public listing to avoid any disputes in future. He added, “This is something which can be done, and I think should be done. We have conveyed to the government also,”