Sebi seeks disclosures on promoters’ in-laws

Sebi’s recent clarification mandates listed companies disclose promoter relatives, including in-laws and their entities, in shareholding filings, even without direct ownership. This move, intended to enhance transparency, has sparked debate among India Inc. Lawyers criticize it as “absurd” and “impractical,” citing increased compliance burdens and the disclosure of sensitive personal information about unrelated individuals.