Securities and Exchange Board of India (SEBI) on March 29 post its board meet introduced a slew of new regulations.
SEBI approved regulatory framework for Environmental, Social and Governance (ESG) disclosures by listed companies.
The market regulator liberalised the cap on number of ESG schemes by mutual funds (MFs).
The capital market regulator approved Application Supported by Blocked Amount (ASBA) like facility for secondary market trading.
The regulator further gave its nod to setting up new corporate debt market development fund as an alternative investment fund (AIF).
The watchdog has also asked top 100 listed firms to clarify market rumours from October 1, 2023 & by the top 250 listed entities from April 1, 2024.
SEBI will also form a unitholder protection committee to safeguard mutual fund unitholders' interests.
SEBI also informed that listed companies will get 3 months to fill critical positions.
The regulator also said that listed companies must disclose board meet outcome within 30 minutes from end of meet.
Listed companies must also disclose material events emanating from the company within 12 hours.
SEBI said 'Self-Sponsored AMCs' will continue mutual fund business with riders.
SEBI chairperson, Madhabi Puri Buch in a press conference refused to comment on Adani-Hindenburg as the matter is subjudice.
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