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Definition of ‘Net Worth’ specified under Cos. Act would be considered to determine material subsidiaries: SEBI

January 27, 2020
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The market regulator, SEBI has come up with new informal guidance for determining the material subsidiaries and for the purpose of compliance of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This informal guidance has specified that for the purpose of determining the material subsidiaries, the company must consider the definition of net worth specified under the Companies Act, 2013 instead of SEBI LODR Regulation.
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