COMMITTING ON EASE OF DOING (LISTED COMPANY) BUSINESS AND FUND RAISE

Published On: 27/02/2024

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In a move towards committing to ease of doing business in India, SEBI recently proposed interim recommendations vide consultation paper dated January 11, 2024 (the “Consultation Paper”). The Consultation Paper focuses on topical issues like eligibility of minimum promoter contribution shares, threshold for refiling of DRHP under the SEBI ICDR Regulations and reducing compliance burden for listed companies by rationalising the determination of market capitalization and compliance period for such entities. Overall, SEBI's efforts to streamline regulations and enhance the business environment is a welcoming move. INDUSLAW's Ravi Dubey and Arjun Badola analyze this consultation paper and share their views.