Sebi mulls standardizing unclaimed amount rules for entities with non-convertible securities

Markets watchdog Sebi on Friday proposed changes to align regulations for entities issuing non-convertible securities, standardizing the process for handling unclaimed amounts by allowing their transfer only after seven years from the maturity date. In its consultation paper, the regulator has proposed amendments to the Listing Obligations and Disclosure Requirements (LODR) Regulations to bring it […]