SEBI proposes doubling threshold for 'High Value Debt Listed Entities' to Rs 1,000 Cr

Quick Summary:

Currently, an entity having outstanding value of listed non-convertible debt securities of Rs 500 crore and above are referred to as 'High Value Debt Listed Entities'.

This would help in preventing over-commitment and ensure they can fulfil their responsibilities effectively.

Also, SEBI has proposed setting a cap on the total number of committees a director can serve on, whether in equity or debt-listed entities.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Proposed Entities Debt Value Outstanding Committee Sebi Hvdles Listed Crore Threshold

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 07:18:19 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 379 words

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Sentences: 19 lines

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News ID: 23362374

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