Sebi proposes mandatory demat accounts for directors, shareholders, among others before IPO filing
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), on Wednesday, proposed to mandate that select shareholders, including directors, key managerial personnel and current employees will have to hold shares in demat form before the company files for an initial public offering (IPO), reported the news agency PTI.
(This is a developing story. Please check back for updates.)
