Sebi defines same line of business under delisting rules
Defining the same line of business , Sebi said at least 50 per cent of revenue from the operations of the listed holding and listed subsidiary company must come from the same line of business, according to a circular Sebi had in June notified the Delisting Regulations 2021 which provide for exemption from the reverse book building process for delisting of equity shares of a listed subsidiary PTI
Updated Jul 07, 2021, 7:48 AM IST
Sebi on Tuesday put in place a standard operating procedure for subsidiary companies planning to get delisted through a Scheme of Arrangement wherein the listed holding companies and the listed subsidiaries are in the same line of business. There are numerous listed companies which have listed subsidiaries engaged in the same line of business, and equity shares of both entities are actively traded on stock exchanges.
Sebi defines same line of biz under delisting rules: Here s all you need to know
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Sebi defines same line of business under delisting rules: Details here
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Holistic approach needed to harness marine resources for national growth: Government
February 17, 2021
Government unveils a draft blue economy policy
Setting up a mariculture authority of India, a national placer mission to mine minerals found on the seabed and marine clusters for ports-centered development and inclusion of various untapped activities associated with blue economy in the 2008 National Industrial Classification are some of the suggestions put forward by a draft National Policy for India’s Blue Economy 2020, unveiled by the Ministry of Earth Sciences on Wednesday.
The draft policy, which would be placed in the public domain for comments and suggestions till February 27, is aimed at significantly enhancing contribution of the blue economy to India’s GDP in the next five years, improving lives of coastal communities, preserving India’s marine biodiversity and maintaining the security of our marine areas and resources.