Sebi will only formalise the new disclosure framework after taking on board public feedback
India Inc’s compliance burden could go up manifold if the Securities and Exchange Board of India’s (Sebi’s) proposal for a new disclosure regime gets introduced, say legal experts.
The capital markets regulator has proposed to give a fillip to disclosure rules followed by listed companies introducing thresholds to indicate material impact, halving the time allowed to make disclosures, and prescribing corroboration of reports circulating in the media.
It has been proposed that the top 250 listed companies will have to confirm or deny rumours floating in any form of media if they have material impact.
First Published: Nov 15 2022 | 6:59 PM IST