During statutory inspections and secretarial audits, one recurring oversight continues to draw severe regulatory scrutiny: The gap between an omnibus approval granted by the Audit Committee and the actual commercial execution trail. Under Regulation 23 of SEBI (LODR), 2015 and Section 188 of the Companies Act, 2013: • An omnibus approval is not a blanket authorization - it mandates verifiable justification for transactions where need cannot be foreseen. • The arm’s length bas

Getting listed on the SME platform of BSE or NSE Emerge feels like the finish line — capital raised, visibility gained, promoter dream realised. In 28+ years of experience, I've learnt it's actually the starting gun. The company that treats listing day as "job done" is usually the one I get called into a few years later, once SEBI or the exchange has already flagged something. Why This Matters More Than Founders Expect SME-listed entities do get a lighter compliance load than