MUMBAI: Market regulator Sebi on Monday said stock exchanges
will have greater power to seek and enforce rules on corporate
disclosures by listed companies as part of its efforts aimed at
improving transparency, especially when it comes to market-sensitive
information. Sebi also said bourses should set up separate units which
will monitor corporate disclosures and will also report cases of
non-compliance to the regulator. The regulator also asked exchanges to
proactively seek additional disclosures from companies, if they feel
there is need for such disclosures.
Currently listed entities are required to disclose details about their shareholding pattern, financial results and other market-sensitive information regularly. However, market analysts point out that very few of the over 8,000 listed companies follow the rules in letter and spirit. Also enforcement has been lax, they say.
"Concerns have been raised that even though listed companies make disclosures to stock exchanges within the time-frame stipulated under the listing agreement, the contents of the disclosures made by such companies are not adequate and accurate," Sebi said in its seven-page directive to the stock exchanges. Citing instances where even the IMF has pointed out inadequacies on the part of the bourses in enforcing disclosures , Sebi said "the current monitoring mechanism of stock exchanges to ascertain the adequacy and accuracy of disclosures made in compliance with the listing agreement need to be made more effective."
PRASHANT SHARMA
PGDM-I
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Currently listed entities are required to disclose details about their shareholding pattern, financial results and other market-sensitive information regularly. However, market analysts point out that very few of the over 8,000 listed companies follow the rules in letter and spirit. Also enforcement has been lax, they say.
"Concerns have been raised that even though listed companies make disclosures to stock exchanges within the time-frame stipulated under the listing agreement, the contents of the disclosures made by such companies are not adequate and accurate," Sebi said in its seven-page directive to the stock exchanges. Citing instances where even the IMF has pointed out inadequacies on the part of the bourses in enforcing disclosures , Sebi said "the current monitoring mechanism of stock exchanges to ascertain the adequacy and accuracy of disclosures made in compliance with the listing agreement need to be made more effective."
PRASHANT SHARMA
PGDM-I
MUMBAI: Tata AIG General Insurance is hopeful of posting a growth rate of 15-16 per cent that should be better than industry average for this fiscal, a top company official said. "Industry growth has come down to around 15 per cent. Month-by-month trend is not encouraging... we have grown at 18 per cent as of now....we will be closing the year by 15-16 per cent if this trend continues, which should be better than the industry average," Tata AIG chief executive Kaushal K Mishra told PTI in an ..
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
MUMBAI: Tata AIG General Insurance is hopeful of posting a growth rate of 15-16 per cent that should be better than industry average for this fiscal, a top company official said. "Industry growth has come down to around 15 per cent. Month-by-month trend is not encouraging... we have grown at 18 per cent as of now....we will be closing the year by 15-16 per cent if this trend continues, which should be better than the industry average," Tata AIG chief executive Kaushal K Mishra told PTI in an ..
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
MUMBAI: Tata AIG General Insurance is hopeful of posting a growth rate of 15-16 per cent that should be better than industry average for this fiscal, a top company official said. "Industry growth has come down to around 15 per cent. Month-by-month trend is not encouraging... we have grown at 18 per cent as of now....we will be closing the year by 15-16 per cent if this trend continues, which should be better than the industry average," Tata AIG chief executive Kaushal K Mishra told PTI in an ..
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Tata AIG General Insurance is hopeful of posting a growth rate of 15-16 per cent that should be better than industry average for this fiscal
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Tata AIG General Insurance is hopeful of posting a growth rate of 15-16 per cent that should be better than industry average for this fisca
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Tata AIG General Insurance is hopeful of posting a growth rate of 15-16 per cent that should be better than industry average for this fisca
Read more at:
http://economictimes.indiatimes.com/articleshow/25995538.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
No comments:
Post a Comment