INSUBCONTINENT EXCLUSIVE:
Sebi is studying possibilities of allowing special purpose acquisition companies to work in IndiaPossibilities of allowing special purpose
acquisition companies (SPACs) to function in the country are being studied, Securities and Exchange Board of India (Sebi) chairman Ajay
Tyagi said on Wednesday.Addressing the annual Capital Market Conference organised by industry body FICCI, Mr Tyagi said that the market
These companies are formed for raising funds through an initial public offer to acquire a private entity and turn it into a public
touched upon a host of issues including mandatory disclosures by companies, about which he said that corporate entities should not treat it
as "check boxes"."Documents are as important as annual reports..
Companies must follow rule of disclosing material events in letter and spirit," Mr Tyagi said.On the issue of corporate governance, he said
that FICCI should also take steps to create greater awareness about it.
