Sebi board to consider `difficult to recover` tag for untraceable defaulters, regulatory sandboxes
Markets regulator Sebi will contemplate proposals to attach a 'difficult to recover' tag for individual defaulters who are found to be 'untraceable', and for so-called regulatory sandboxes on Monday, officials said. Besides, the board of Sebi would discuss a proposal to amend its investment manager eligibility norms for Infrastructure Investment Trusts (InvITs) and also permit fast track issuance of units to existing investors in REITs and InvITs, they added. The issues will be discussed at the board meeting of the Securities and Exchange Board of India (Sebi) on Monday.
According to the proposal, Sebi plans to attach a 'difficult to recover' tag for individual defaulters who are found to be 'untraceable' as also for cases facing parallel proceedings by other agencies or in various courts and tribunals.