Pedestrians pass in front of the Nasdaq MarketSite in New York, U.S.
(Photographer: Michael Nagle/Bloomberg)
Companies that are considered ‘listed’ only by virtue of having issued specified debt instruments can breathe easy on the compliance front starting April 2021.For instance, such issuances were done by some of the IL&FS group entities, unlisted companies in the non-banking financial and power sectors. As a result, they were considered ‘listed’ and were required to comply with norms relating to appointment of internal auditor or indepe...