Sebi’s new disclosure norms for listed companies to kick in from Saturday
时间:2024-06-26 06:28:53 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
- Apollo Hospital partners with LifeSigns, inducts advanced remote patient monitoring system
- Nifty could top 17900 above 17750, Bank Nifty may hit 41000 if it closes above 39500; here’s what analysts say
- Alkem Laboratories posts buoyant growth in Q2; Should you buy, hold or sell the stock-
- Bank Nifty F&O expiry day change may benefit brokers, NSE, govt, but not traders as much; may reduce volatility
- Ayodhya Airport’s security strengthened- CISF takes charge, Scindia outlines phase one expansion plans
- Asian stocks surge ahead of Bank of Japan policy decision
- MPPSC 2019 Exam Result- Result out on mppsc
- Bajaj Auto shares fall over 5%, on planned production cut due to uncertainty in Nigeria
- Asian stocks edge up before US jobs data, defying Wall Street selloff