trends

25% Norm: SEBI vs Non-Compliant Promoters/Directors

Those consequences became clear this week when the 3-year time period to comply with the 25% minimum public shareholding norm came to an end. On June 4th SEBI passed an interim order including sanctions against promoters and directors of 105 companies that have not yet increased public shareholding to 25%.

first published: Jun 8, 2013 01:50 pm