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of <h1>SEBI Eases Name Change Rules: Companies Can Now Meet Revenue or Asset Criteria, Auditor's Certificate Required.</h1> The circular from SEBI addresses the procedure for listed companies seeking a change of name. Previously, companies needed at least 50% of their revenue from the new activity corresponding to the new name. Due to challenges faced by companies with longer gestation periods, SEBI has modified this requirement. Now, companies can either meet the revenue criterion or ensure that at least 50% of their assets are invested in the new activity. Companies must provide an auditor's certificate to confirm compliance. Stock exchanges are instructed to update their regulations and inform relevant parties, ensuring the changes are accessible to investors.
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