SEBI TO OVERHAUL DISCLOSURE NORMS FOR LISTED COMPANIES

A sub-committee of the Securities and Exchange Board of India (SEBI) has suggested continuous disclosures by listed companies instead of the current practice of disclosures only at the time of issue of capital. In a report on “Integrated Disclosures” put out for public comments, the Sub-Committee on Integrated Disclosures (SCID) has said the areas of disclosures should include the history of the company, capital structure, business strategy, promoters and others./ The disclosures relate to company information, excluding financial and accounting disclosures.