Under the current rule, RIT and invitations are required to obtain regular value of their property and submit these valuation reports to stock exchanges and unetholors.
However, at present, the timeline for evaluating, submitting valuation reports and filing financial results is not aligned, which is disqualified.
Accordingly, SEBI has proposed that annual valuation reports should be submitted within 60 days from the end of the annual financial year-matched the timeline for annual financial results.
It indicates that semi-annual or quarterly evaluation reports should be submitted within 45 days, alignment with quarterly financial results deadlines.
The regulator proposed that quarterly valuations for high-debt invitations should also follow the 45-day deadline and propose to remove the 15-day separate submission rule to reduce the redundancy.
SEBI has sought response to whether the trading lot and minimum investment amount should be arranged for consistency and convenience of investors.
Developed investors such as Scores 2.0 and Disturants Neline Dispute Resolution (ODR), with a defense framework, SEBI proposed to update and standardize the charter of investors for RIT and invitations.
The Securities and Exchange Board India for India (SEBI) has sought public comments on proposals till May 22.
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