SEBI to replace promoters with ‘controlling shareholders’ in new corporate structure: Report

This change in corporate structure would bring market regulations on par with global practices and ensure that, while the shareholders have power, they do not overshadow the board

from Moneycontrol Business News https://www.moneycontrol.com/news/business/sebi-to-replace-promoters‘controlling-shareholders’new-corporate-structure-report_13193981.html