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SEBI will introduce a new set of listing guidelines, said UK Sinha, Chairman, SEBI, at an event organised by the Institute of Company Secretaries in Mumbai on Monday.
The new regulations are likely to be put up before the SEBI board when it meets in New Delhi by the end of this week, he said on the sidelines of a conference. The norms are expected to come into force from October 1.
Also to be implemented effective October 1 are new corporate governance norms, which require related party transactions to be approved by a majority of the minority shareholders, besides disclosing executive compensation in detail.
According to Sinha, the regulator is also talking to RBI to give a final shape to its wilful defaulter regulations that would enable SEBI to prevent capital raising by entities which have been declared wilful defaulters by banks.
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