Securities and Exchange Board of India (SEBI) stock market regulator has deferred the deadline for the separation of the posts of Chairman & Managing Director or chief executive officer (CEO) for 500 listed entities by 2 years till April 2022.
The date of implementation of the regulatory provision has been deferred to April 1, 2022, which was previously April 1, 2020. However, sources stated that the decision has been taken in view of demand from corporates and to ease the compliance burden amid the current economic scenario.