SEBI Holds Power-Packed Board Meeting. Approves Proposal To Create Social Stock Exchange For Raising Funds
According to reports, the market regulator has also decided to relax eligibility requirements related to superior voting rights shares.
New Delhi: Market regulator Securities and Exchange Board of India (SEBI) on Tuesday cleared the proposal to create social stock exchange for raising funds by social enterprises. The decision was taken during Sebi's action-packed board meeting held earlier in the day.
During the meeting, SEBI also approved a proposal to amend de-listing framework after open offer.
According to reports, the market regulator has also decided to relax eligibility requirements related to superior voting rights shares.
Additionally, SEBI has also approved Investors Charter for securities market.
In another significant move, SEBI has also approved the framework for the gold exchange and creation of the social stock exchange.
(This is a developing story. More details awaited.)
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