In this article, the authors delve into the challenges surrounding SEBI’s Minimum Public Shareholding (MPS) norm and propose comprehensive solutions. The MPS norm requires listed companies to maintain a minimum 25% shareholding in the hands of the public. However, the regime has faced issues such as ambiguity in defining “promoters” and “promoter groups,” allowing for manipulation. The authors suggest adopting a “Controlling Shareholder” concept and introducing more market-friendly approaches. Additionally, the article addresses the uniform approach for all companies and the lack of an effective enforcement mechanism, urging SEBI to review and revamp the framework to ensure transparency and ease of compliance. Continue reading Beyond the Status Quo: Rethinking SEBI’S MPS Norm vis-à-vis Fostering Ease of Doing Business in India