Market participants meet Sebi chief, discuss takeover norms

Market participants, including mutual fund houses, sought simpler takeover regulations and necessary safeguards to protect them from increased cost burden after implementation of GST.

During their meeting with new Sebi Chairman Ajay Tyagi, they also discussed issues pertaining to e-KYC (Know Your Client) and corporate debt restructuring.

Sources said market participants had a good discussion with Tyagi, who took over the reins of Sebi earlier this month, and a broad range of issues were touched upon during the meeting.


Mutual fund houses have flagged certain concerns about existing takeover regulations that are implemented by Sebi and sought a simpler regime in this regard, sources said.

Further, market participants raised their concerns about the possibility of increased cost burden once the Goods and Services Tax (GST) is implemented.

Sources said once the GST is implemented, certain market participants, especially mutual funds, might see higher compliance costs as well as there could be changes in the overall registration system.

Among others, mutual fund houses have suggested putting in place single return compliance or centralised registration mechanism, sources added.

The GST regime is expected to be effective from July 1.