Consultative Paper News Today

The existing SEBI regulations on delisting make the delisting process cumbersome as it requires RBB for price discovery. Presently, achieving the 90% threshold in the RBB process is essential for successful delisting, but concerns have been raised about potential manipulation during price discovery stating that, some operator(s) start cornering shares as the delisting is announced and collectively hold more than 10% stake in the company then to achieve 90% threshold their participation becomes i...

No date yet for implementation of new law on fake qualifications By Mayibongwe Maqhina Share Cape Town - Fourteen months after signing into law the National Qualification Framework (NQF) Amendment Act, President Cyril Ramaphosa has yet to proclaim the date for its implementation. The Act, which clamps down on fake qualifications, was passed by the National Assembly in November 2018 and the National Council of Provinces in March 2019 before being signed into law by Ramaphosa in August 2019. The...