To ease compliance burden on listed entities, Sebi on Wednesday proposed merger of listing rules pertaining to debt securities and non- convertible redeemable preference shares into a single regulation.
The proposal is aimed at harmonising with the Companies Act, 2013, and maintaining consistency with the Sebi’s LODR (Listing Obligations and Disclosure Requirements) rules and Debenture Trustees norms, the regulator said in a consultation paper.
The Securities and Exchange Board of India (Sebi) has invited public comments, open for 21 days, on the proposal.
