Karvy had said that Sebi’s November 22 interim order that barred it from using PoA was hurting its more than 2,000 clients.
Sources said the SEBI will provide all possible help to the US Securities and Exchange Commission (SEC).
In Indian NFRA - which is part of the corporate affairs ministry - has been asked to look into the matter.
The new FPI regulations would come into force with immediate effect, the Sebi said in a notification issued on Monday.
The proposed move assumes significance in the wake of several auditors in the recent past decided to exit from their audit mandate.
Sun Pharma, however, did not provide any specific details on the reasons for the SEBI to order the forensic audit.
The move is aimed at helping the rating agencies get timely information about the rated entity's financial strength.
The regulator also proposed to further strengthen and clarify the role of audit committees of listed firms
In a circular, Sebi prescribed new format for disclosures to be made on quarterly basis, annual basis for whole financial year.
Sebi board took a call on key changes over credit rating firms, promoters’ pledge of shares, liquid funds and royalty payments
- « First
- « Previous
- Next »
- Last »
1 of 1