Covid-19: As regulators ease rules for firms, investors aren't taking it easy

Companies battling to get in shape after a nationwide lockdown to contain the coronavirus pandemic devastated the economy have been helped by regulators, but investors are worried. Should they be?

“……and when the regulator dictates your investment policy, it’s called command capitalism.”
 
The caption appeared in a recently published pocket cartoon in a business daily, depicting a senior business executive giving a tip to his junior as they walk past the iconic BSE towers in Mumbai.
 
The Securities and Exchange Board of India (SEBI) since March this year has issued 40-odd circulars relaxing rules and compliance timelines for listed companies braving economic stress caused by the coronavirus pandemic. Two other key regulators, the Ministry of Corporate Affairs (MCA) and the Reserve Bank of India (RBI), too have issued