SEBI Tightens Rules for Independent Directors


The Securities and Exchange Board of India (Sebi) on Tuesday tightened the rules regarding independent directors to improve corporate governance and check the influence of promoters in listed companies.

At its board meeting, the market regulator also took a slew of other crucial decisions to reduce the subscription size in REITs and InvITs apart from making mutual funds more accountable when it comes to new fund offerings (NFOs).

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