Photo: Abhijit Bhatlekar/MintMumbai: The Securities and Exchange Board of India (Sebi) has formed a new department that will review company filings for debt raising and address issues that listed companies face in bankruptcy court. This follows greater government and regulatory focus on tackling stressed assets, said two people aware of the matter, including the Sebi chairman. Among other things, the department would also facilitate and resolve administrative issues that companies undergoing insolvency typically face,” said the second person. The department will also ease administrative hassles for new filings and routine Sebi compliances for InvITs and REITs. Sebi has also created a separate department for mutual funds, said Tyagi.

Source:   Mint
December 12, 2017 19:30 UTC