Market regulator Sebi is likely to come out with detailed guidelines on corporate disclosures on Monday, aiming to improve the quality of giving out information by companies. Sebi chairman, Mr. U K Sinha informed this while addressing a capital market summit organised by FICCI in Mumbai today. The regulator also said that it would have a re-look at the delisting guidelines. Mr. Sinha added that if required, Sebi may look at the rules for preferential allotment of shares by companies.Meanwhile, the regulator also noted that domestic companies couldn't ignore the global developments, which are moving towards more investor activism. Mr. Sinha said adding that public scrutiny of people in authority has increased globally in last few years. He also said the regulator is doing technology audits of stock exchanges in order to maintain the sanctity of the market.
News On AIR | November 15, 2013 2:15 PM
SEBI likely to come out with guidelines on corporate disclosures<br/>