Bahu is a relative, but not by SEBI definition? The takeover rule dilemma & the need for reforms
The current definition of ‘relative’ under SEBI regulations and the associated succession planning constraints highlight the need for regulatory reform. (AI image) By Pranav Sayta and Puneet SachdevThe Securities and Exchange Board of India (SEBI) plays a significant role in shaping the rules for company takeovers and protecting investors interest, amongst other things. SEBI’s takeover…