OtherBusiness Standard
BCAS urges SEBI to allow CA firms to monitor proceeds
Positive+13
GreyOak summary
The Bombay Chartered Accountants' Society (BCAS) has suggested expanding the pool of entities eligible to monitor issue proceeds utilization. BCAS proposes defining non-cooperation by listed companies and introducing stricter disclosure requirements. These suggestions are part of the market regulator's proposed overhaul of the monitoring agency framework.
What it affects
- SEBI regulationPositive +13
BCAS urges SEBI to expand monitoring entities.Rolling sentiment Positive +27
