SEBI eases borrowing norms for large corporates
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The Securities and Exchange Board of India (SEBI) has decided to provide flexibility to large corporates in raising funds through issuance of debt securities for incremental financing needs. The decision was taken at SEBI’s board meeting held in Mumbai.
The board has approved to remove penalty on large corporates which are not able to raise a certain percentage of incremental borrowing from the debt market. The requirement for filing a statement identifying itself as a Large Corporate and a statement regarding compliance with the framework has also been done away with.
The SEBI board has also approved streamlining the framework for credit of unclaimed amounts of investors in listed entities. This will be applicable for listed entities other than companies, Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). www.casansaar.com
The SEBI board has also extended timeline for compliance with enhanced qualification and experience requirements for Investment Advisers till September 30, 2025.
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