Market regulator SEBI is proposing to the government to include a clause in the Companies Bill, which will bar shareholders of a company who have interest in a particular decision of the same company from voting in such special resolutions. The regulator also made ASBA (applications supported by blocked amount) compulsory for all non-retail investors (high-networth), corporate and institutional investors, in any public offer.
Read the press release of SEBI’s board meeting.
Read the press release of SEBI’s board meeting.
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