The Securities and Exchange Board of India – SEBI has issued detailed and more stringent guidelines on corporate disclosures. Through a press release issued in Mumbai on Monday, SEBI has asked stock exchanges to scrutinise the disclosures filed by listed companies and ensure that no important information has been omitted.SEBI has also asked exchanges to set up a separate monitoring cell to ensure compliance with the new norms and publish details of defaulters on their websites.SEBI has also asked companies to provide details of their promoters, directors and/or key management personnel who would be held responsible for ensuring compliance of disclosure norms.
News On AIR | November 18, 2013 7:50 PM
SEBI issues detailed & stringent guidelines on corporate disclosures