On March 25′ 2021 SEBI (Securities and Exchange Boards of India) approved a slew of relaxations to norms, which also involves reducing the holding period for pre-issue of Capital.
The major reason for doing this is to encourage listing of startups and more and more status come up without any hesitation.
On the other hand, the authorities and regulators also approved rationalizing of delisting rules and regulations of the existing framework. It is related to the reclassification of promoter and promoter group entities.
In the recent meeting of the SEBI Board, it was also decided to come up with new needs for sustainability reporting by the listed firms or entities.
The new report will be termed as the Business Responsibility and Sustainability Report (BRSR), it’ll substitute the existing Business Responsibility Report (BRR).
It has been decided that the BRSR will only be applicable to the top 1,000 listed entities for the reporting for FY 2021-22 and on a compulsory basis from 2022-23.
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