SEBI moots concept of ‘accredited investor’

Regulator SEBI on Wednesday sought comments on the proposal to introduce the concept of ‘accredited investors’ in the Indian securities market. The comments can be sent to the regulator in a prescribed format latest by March 18, it said in a consultation paper. SEBI noted that accredited investors, also called qualified investors or professional investors, … Read more

Sebi to relax norms for promoters to reclassify as ordinary shareholders

Promoters of listed companies that wish to re-classify themselves as ordinary shareholders may find it easy to do so. The Securities and Exchange Board of India (Sebi) on Monday proposed to relax and streamline existing re-classification process. To begin with, the market regulator has said the eligibly threshold can be relaxed from 10 per cent … Read more