The ministry of corporate affairs (MCA) and the Securities and Exchange Board of India (Sebi) are considering allowing the issuance and ownership of fractional shares, Mint has reported. This is a concept that’s caught on in the US where such shares have garnered popularity among retail investors. Currently, Indian regulations prohibit ownership of less than …
A key Ministry of Corporate Affairs (MCA) panel is considering devising a regulatory framework for large unlisted companies, including unicorns, to ensure better adoption and tighter scrutiny of corporate governance standards by them, a person aware of the details said. Under the proposed framework, such entities could be mandated to submit quarterly filings of financial …
RBI Governor Shaktikanta Das-headed Sub-Committee of the Financial Stability and Development Council (FSDC-SC) on Monday resolved to remain vigilant against any build-up in vulnerabilities in the financial system as well as in the broader economy amid uncertain global environment. With a view to strengthening and institutionalising the mechanism for maintaining financial stability, enhancing inter-regulatory coordination …