Top headlines: CMD role split made voluntary; SpiceJet posts profit in Q3

Here are the top headlines on Tuesday

Separation of roles of Chairperson and MD made voluntary: Sebi

Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis. Read more here

The listed entities were required to split the roles before April 2022.

"Sebi board at this juncture, decided that this provision may not be retained as a mandatory requirement and instead be made applicable to the listed entities on a 'voluntary basis'," the regulator said in a release after the board meeting. Read more