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Fair Player
01 Apr 2015
1 Min Read
CW Team
Contractors are beaming, all thanks to UK Sinha, Chairman, Securities and Exchange Board of India (SEBI). He has relaxed norms for conversion of the distressed loans of listed companies into equity by banks and financial institutions, which will help contractors reduce their debt load. Not just this, he also advocates having women on the board of companies, which SEBI has mandated, failing to comply with which will result in a whooping penalty of Rs 25 crore! Also on the cards is SEBI´s merger with Forwards Market Commission, which Sinha is ensuring to be stress-free. He is all excited about Real Estate Investment Trusts (REITs), and hopeful that it will ´make it big in India´. Playing fair is the mantra for this man.
Contractors are beaming, all thanks to UK Sinha, Chairman, Securities and Exchange Board of India (SEBI). He has relaxed norms for conversion of the distressed loans of listed companies into equity by banks and financial institutions, which will help contractors reduce their debt load. Not just this, he also advocates having women on the board of companies, which SEBI has mandated, failing to comply with which will result in a whooping penalty of Rs 25 crore! Also on the cards is SEBI´s merger with Forwards Market Commission, which Sinha is ensuring to be stress-free. He is all excited about Real Estate Investment Trusts (REITs), and hopeful that it will ´make it big in India´. Playing fair is the mantra for this man.
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