BusinessPhoto: MintSebi Proposes Stricter IPO Fund Monitoring and Penalties
The Securities and Exchange Board of India (Sebi) has proposed stricter regulations for monitoring the use of funds raised by listed companies through IPOs. The new framework includes direct reporting by monitoring agencies to stock exchanges and penalties for companies that do not cooperate. These recommendations come from a Sebi working group reviewing the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, aiming to improve transparency and accountability in fund utilization.
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