In addition, the regulator approved a rewrite of the delisting rules and a re-organization of the current system for reclassifying promoter and promoter community entities.
To enable start-ups to list, the markets regulator SEBI approved a slew of new rules on Thursday, including a shorter holding period for pre-issue capital.
In addition, the regulator approved a rewrite of the delisting rules and a re-organization of the current system for reclassifying promoter and promoter community entities.
At the SEBI board meeting on Thursday, it was also agreed to incorporate new criteria for listed entities’ sustainability reporting. This new report, dubbed the Business Responsibility and Sustainability Report (BRSR), will take the place of the current Business Responsibility Report (BRR).
The BRSR will apply to the top 1,000 classified entities (by market capitalization) for voluntary reporting in FY 2021-22 and mandatory reporting in FY 2022-23.
