SEBI Plans Crackdown On Inactive Listed Companies; Nearly 270 Firms May Face Delisting Scrutiny
The Securities and Exchange Board of India (SEBI) and stock exchanges are reportedly preparing a framework to identify and delist inactive companies with little or no genuine business activity. As per a report by Moneycontrol, the proposed exercise aims to protect retail investors from potential market manipulation and fraudulent transactions involving companies that remain listed despite limited…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
