Approvals for three processes that would need to be submitted within 30 days
The securities market regulator SEBI has relaxed several compliance norms for listed companies and market participants
Modi on Friday highlighted the need for reducing compliances burden
Current accounts are widely used by businesses for their daily activities
The new norm is at variance with what was suggested in the discussion paper on governance in commercial banks released by RBI in June 2020
The trend is unlikely to reverse in the near term, say experts
Compliance has become more crucial, regulators like Sebi and CCI are stepping up enforcement efforts