SEBI Forms a Panel Headed by Justice Vazifadar to Review the Corporate Takeover Rules

SEBI Forms a Panel Headed by Justice Vazifadar to Review the Corporate Takeover Rules

• Capital markets regulator Sebi has set up a high-level panel to review the takeover norms in a move to simplify and strengthen the current rules by adopting appropriate global practices. Also, the regulator will assess the current rules in the light of past judicial pronouncements and various informal guidelines issued by the capital markets regulator.
• The 20-member committee will be chaired by former Chief Justice of Punjab and Haryana High Court, Shiavax Jal Vazifdar. Apart from Vazifdar, other members of the panel include Sundareswaran S Managing Director (MD) at Morgan Stanley Financial Advisors; Rajendra Kanoongo, Joint MD of Mark Corporate Advisors; K Srinivas MD of Saffron Capital Advisors, Ankur Verma, Senior Vice President at Tata Sons and Dolphy Dsouza Partner at E&Y.

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Published date : 30 Nov 2022 05:57PM