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SEBI working on second surveillance system to identify 'bad elements' among listed cos: Varshney

Focus on listed entities also extends to companies seeking to enter the capital market, particularly through small IPOs, Whole-Time Member Kamlesh Varshney says

SEBI working on second surveillance system to identify 'bad elements' among listed cos: Varshney

The Securities and Exchange Board of India (SEBI) is developing a second surveillance system to identify problematic entities among listed companies, with the aim of delisting such entities, according to Kamlesh Varshney, Whole-Time Member of SEBI. The regulator is also working on identifying small initial public offerings (IPOs) that may not be suitable for the capital market and could result in losses for retail investors.

Varshney emphasized the importance of greater focus on corporate governance and compliance, particularly among small and medium enterprises (SMEs) before they enter the capital market.

Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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