Sebi ushers in next generation reforms in capital markets

The Sebi board has rolled out two very significant changes – first, the reduction in lock-in periods for minimum promoters’ contribution and for other shareholders for a public issue; and secondly, shifting from the concept of ‘promoter’ to the concept of ‘person in control’.

Sebi ushers in next generation reforms in capital markets
The Sebi board has rolled out two very significant changes – first, the reduction in lock-in periods for minimum promoters’ contribution and for other shareholders for a public issue; and secondly, shifting from the concept of ‘promoter’ to the concept of ‘person in control’.