Sebi encourages listing of start-ups by approving a slew of relaxations to norms, including reducing holding period for pre-issue capital.
Besides, the regulator approved revamping of delisting rules and rationalising the existing framework related to reclassification of promoter and promoter group entities.
At the meeting of the Sebi board on Thursday, it was also decided to introduce new requirements for sustainability reporting by listed entities. This new report will be called the Business Responsibility and Sustainability Report (BRSR) and will replace the existing Business Responsibility Report (BRR).
The BRSR will apply to the top 1,000 listed entities (by market capitalisation) for reporting voluntarily for 2021-22 and on a mandatory basis from 2022-23.
