SEBI and stock exchanges will put in place additional surveillance measures for companies that are undergoing insolvency resolution process (IRP) from Monday, according to BSE.
To enhance market integrity and safeguard investors’ interest, the Securities and Exchange Board of India (SEBI) and the exchanges have been introducing enhanced pre-emptive surveillance measures.
“In continuation to various surveillance measures already implemented, SEBI and exchanges have decided that along with the aforesaid measures, there shall be surveillance measures for companies that are undergoing IRP as per IBC w.e.f June 11, 2018,” the BSE said.
