Friday, July 15, 2011

SEBI EASES NORMS ON NAME CHANGES FOR LISTED Cos

Listed companies will now have more flexibility in changing their names. The Securities and Exchange Board of India (SEBI) has relaxed an earlier norm, which required all listed companies to have about 50% of its total revenue from the new activity for a period of one year preceding the change of name. Now, companies can also change their names if they have invested at least 50% in the assets of the new businesses

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