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The regulator gave its go-ahead to a proposal suggesting ending the practice of individuals holding permanent directorship at boards of listed companies. The move is part of efforts to further boost the corporate governance ecosystem.
Markets regulator Sebi will put in place a framework for the Application Supported by Blocked Amount (ASBA) facility for investors in secondary market trading, similar to the existing system for IPO investors. Sebi's board approved the proposal during its meeting here on Wednesday. Through the proposed facility, which would be optional for investors as well as stock brokers, Sebi aims to bring in 'efficiency in the secondary market ecosystem by allowing usage of same blocked amount towards margin and settlement obligations.
Draft Letter of Offer Dated: March 22, 2023 For Eligible Equity Shareholders only SHREE RAMA MULTI-TECH LIMITED ... | March 24, 2023
Draft Letter of Offer Dated: March 22, 2023 For Eligible Equity Shareholders only SHREE RAMA MULTI-TECH LIMITED ... | March 24, 2023
The changes planned by the market regulator are similar to Application Supported by Blocked Amount, which is available in the primary market