News & Media 30th Sep 2021
SEBI has eased the delisting framework, which is seen as a move to boosting merger and acquisition (M&A) activity in the country. It also cleared the framework to roll out social stock exchanges and gold spot exchanges. SEBI has also tightened the norms on related-party transactions (RPTs) to prevent their abuse.
Against this backdrop, Economic Laws Practice (ELP)’s Manendra Singh, Associate Partner, has been quoted by Business Standard in their article titled ‘SEBI board clears proposal to ease delisting norms in a boost to M&A activity.’ Manendra is of the opinion that amending the definition of related parties would ensure higher corporate governance standards for RPTs in listed companies.
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