SEBI had called for more granular information that needs to be shared to shareholders and audit committee for approval of proposals.
Sebi also said that the lender further violated regulations by failing to explain the reason for the delay in filing the disclosure in this regard.
Funnycontrol explores the Supari Exchange Board of India's new disclosure norms, including dispelling rumours.
Consumer Affairs Secretary Rohit Kumar Singh also stressed the importance of conducting social media advertising responsibly at a time when there are 50 crore social media users in India
Disclosures under the second tax amnesty scheme (IDS-II), which closed last night, turned out to be a damp squib
Taxpayers who deposited Rs 2 lakh or more post demonetisation, will have to make this disclosure in the new Income Tax Returns (ITRs) forms notified today.
Vivek Mathur, ICRA, said that Sebi‘s move to tighten norms for rating agencies will enhance transparency in the system. The key changes include disclosure of full ratings whether they are accepted or not by the client. Now, only ratings which are accepted by the clients are disclosed.
Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days after it crashed, the company said on Tuesday, defending its decision not to make the accident public before a federal investigation was announced.
The format would be applicable for non-convertible debt securities, non-convertible redeemable preference shares, securitised debt instruments, mutual funds and specified securities (equity and convertible securities on main board, SME platform or Institutional Trading Platform) and Indian Depository Receipts (IDRs).
Tightening the disclosure norms, markets regulator Sebi has warned listed firms that any delay in filing 'material information' beyond the 24-hour timeframe will have to be explained.
The Delhi government wants more disclosures from power distribution companies in the state.
DLF & The Housewives!
Taking note of laxity in disclosures made by listed entities, the capital market watchdog has sought to define "material transactions" to make sure the price sensitive information are disseminated to stock exchanges on a timely basis.
The public offer advertisements, aimed to hard-sell the initial public offerings (IPOs) and follow-on public offers (FPOs) among potential investors, typically follow similar formats containing numerous details without any usual creativity associated with other ads.
Most companies are required to share data breach details with clients, regulators, media, and other third parties.
With an aim to improve disclosure and reduce compliance cost for listed companies, Sebi on Tuesday proposed significant changes in the way firms report their financial results and audit observations, including those related to foreign ventures and discontinued operations.
The Obama administration may soon ask Congress for the power to require more disclosure by US banks of information about foreign clients' accounts to those clients' home governments, as part of a crackdown on tax evasion, sources said.
The big corporate story today, IT major TCS has bagged yet another contract from the UK Government.
Securities Exchange Board of India (SEBI) today asked promoters to disclose every considerable purchase of sale of shares by all promoter entities.