Sebi’s new disclosure norms for listed companies to kick in from Saturday
时间:2024-06-26 11:58:53 阅读(143)
The compliance burden on listed companies is set to increase from Saturday as capital markets regulator Sebi has put in place a stricter timeline for disclosure of material events or information by them. Under this, the Securities and Exchange Board of India (Sebi) has given 12 to 24 hours for disclosures.
The regulator has asked companies to disclose agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel, and employees of the listed entity or of its subsidiary, which can impact the management and control of such firms to stock exchanges. Such agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party.
Besides, timelines have been fixed at 24 hours from the occurrence of the event in case the information is not emanating from within the listed entity. This included a revision in rating, fraud, or defaults by a listed entity, its promoter, or directors; restructuring about loans from banks, one-time settlement with a bank, and winding-up petition filed by any party/creditor.
The outcome of meetings of the board of directors needs to be made within 30 minutes from the closure of such meetings. Earlier, the regulator amended LODR rules after the Sebi board approved a proposal in this regard.
猜你喜欢
- Bikaji Foods International Rs 881 crore IPO to open on 3 November; check GMP, price band, offer details
- Jefferies initiates coverage on BSE with Buy, says derivatives ramp up a key driver
- India Inc raises Rs 8
- India Blockchain Forum launches Web3
- Larsen & Toubro clocks robust growth in Q2; Should you buy, hold or sell the stock-
- Kanpur-based Lohia Corp files IPO papers with Sebi
- Between sips by Magandeep Singh- The elusive dram
- In Pictures - PM Narendra Modi soars high on Tejas, India’s pride in the sky
- Bihar Education Department deducted salaries of 12,987 absent teachers; suspends 39 and dismisses 13 over violations