SEBI issues two whips to listed companies
Mumbai: SEBI recently introduced two whips to listed companies. However, these appears to be more a knee-jerk reaction to a few instances in which the schemes approved by courts contained certain provisions not in line with SEBI`s regulations or the provisions of the Listing Agreement. Instead of objecting to the provisions in specific schemes which, in SEBI's opinion are obnoxious, the regulator has sought amendments to the Listing Agreements in a mechanical manner, affecting all listed companies, especially the innocent, reports said.
Back to News Review index page