Why corporates want this regulator to accept their daughter-in-laws are relatives
Mumbai: Corporate groups are urging the Indian capital market regulator to widen the scope of its takeover code to recognise daughters-in-law as ‘relatives’, easing succession planning within promoter families.
Unlike the income tax law, the Securities and Exchange Board of India’s (Sebi) regulations do not include sons- and daughters-in-law within the definition of ‘relatives’.
