Latest Listing Obligations and Disclosure Requirements Regulations News & Updates

SEBI Clarifies Rules on Independent Directors’ Relatives

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New Delhi, June 2 (IANS) The Securities and Exchange Board of India (SEBI) has clarified that cousins of promoters or directors will not automatically be treated as related persons under listing regulations, potentially allowing such individuals to be considered for independent director positions, subject to meeting other statutory conditions.The clarification came in response to informal guidance sought by Maithan Alloys, which had sought regulatory interpretation on whether a promoter-group me…