IPO-BOUND COMPANIES MAY HAVE TO E-FILE DISCLOSURES

All companies going public henceforth will have to mandatory upload their corporate disclosures on the Corporate Filing and Dissemination System (CFDS), an electronic platform developed and managed by the stock exchanges, NSE and BSE. Corporate disclosures will include financial statements comprising balance sheet, profit & loss account and full version of annual report; half yearly financial statements including cash flow statements and quarterly financial statements, corporate governance reports, shareholding pattern statement, action taken against any company by any regulatory agency, disclosures of subs acquisition & takeover & SEBI insider trading regulation etc.