SEBI Proposes Easing of Disclosure Norms for Issuance of Non-Convertible Securities
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- By Chetan Kulasri
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- Last Updated on 13 May, 2024
Latest from Taxmann
SEBI Report 2; Dated: 09.05.2024
SEBI has released a Consultation Paper outlining measures to facilitate the business of Non-Convertible Securities. Some of the key proposals include
(a) removing the requirement to disclose the PAN and personal address of the issuers’ promoters in the offer document and
(b) relaxing the requirement to provide certain business and commercial details in the case of purchase or acquisition of immovable property in the offer document. The comments on the same may be sent by May 30, 2024.
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