1 week ago

SEBI Reviews Issue-Proceeds Disclosures and Corporate Compliance Rules

SEBI Reviews Issue-Proceeds Disclosures and Corporate Compliance Rules
SEBI reviewing issue-proceeds disclosure framework: Chairman · thehansindia.com

SEBI is checking whether companies clearly explain how they use money raised from investors.

The regulator wants this information to reach investors on time.

It also wants companies to face fewer complicated reporting requirements.

SEBI Chairman Tuhin Kanta Pandey said that sharing lots of information does not always mean being transparent.

He said information should be useful, accurate and timely.

SEBI plans to make rules for related-party transactions clearer.

These rules are meant to ensure that possible conflicts receive proper scrutiny while investors remain protected.

The regulator also wants to prevent different exchanges from imposing duplicate fines for the same issue.

Key facts

Regulator
Securities and Exchange Board of India (SEBI)
Chairman
Tuhin Kanta Pandey
Main review
Monitoring and disclosure of funds raised through public issues
Transparency standard
Information should be useful, timely and high quality rather than simply voluminous
Related-party transactions
SEBI plans clearer, more workable requirements while retaining investor safeguards
Multiple listings
A proposed framework would avoid duplicate fines by multiple exchanges for the same matter
Material-event disclosures
Rules include materiality thresholds and specified timelines

Quotes

Tuhin Kanta Pandey

SEBI Chairman

“We propose to further clarify the framework on related-party transactions, so that the requirements are clear and workable for issuers while retaining the necessary safeguards for investors.”
thehindubusinessline.com
“For entities listed on multiple exchanges, for example, we are proposing a framework to avoid duplication of fines levied by multiple exchanges for the same matter.”
thehindubusinessline.com

Sources

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