Saturday, September 15, 2012

COs MAY HAVE TO UPDATE IPO DISCLOSURE EVERY YEAR

The Securities and Exchange Board of India (SEBI) is making it mandatory for all listed
companies to update every year the offer documents filed at the time of their IPOs and
wants a much stricter disclosure regime to safeguard the interest of investors. As per the
proposed measure, which has been approved by the Securities and Exchange Board of India (SEBI)
board and would be soon notified, all the listed companies would have to file a comprehensive
annual disclosure statement, in addition to the existing requirements, to provide updated
information to investors.

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