SEBI relaxes norms for banks to take over listed companies stressed assets
Posted on:22 Jun 2017 11:09:18
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22 June 2017 Current Affairs:
The Securities and Exchange Board of India (SEBI) got acquisition of stressed assets of listed companies to help the Government and the Reserve Bank Of India (RBI) in their efforts to tackle bad loans.
SEBI’s board also approved a proposal to tighten rules for participatory notes through the imposition of a regulatory fee on issuers of such instruments.
Extension of Lock-in-relaxation to Category II Alternative Investment Funds (AIF).
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