SEBI FIRM ON DEADLINE FOR COMPANIES TO ACHIEVE 25% PUBLIC SHAREHOLDING NORM

The Securities and Exchange Board of India (SEBI) has said that it will not relax the deadline
for companies to achieve 25 per cent public shareholding. The deadline for compliance is June 2013 for private companies and August 2013 for public sector undertakings (PSUs). The Securities and Exchange Board of India (SEBI) will unveil new guidelines on consent mechanism in the next four weeks.