Business Ethics and Corporate Governance, Second Edition

DISCLOSuRE STANDARDS

The erstwhile SEBI Chairman, G. N. Bajpai, claims quoting academicians and researchers that disclosure standard in the Indian regulatory jurisdiction are at par with the best in the world. According to him, this is a feedback from several global organizations, both regulatory and market participants.

SEBI has ensured that a company is required to make specified disclosures at the time of issue and make continuous disclosures as long as its securities are listed on exchanges. The standards for these disclosures including the content, medium and time of disclosures have been specified in the Companies Act, Disclosure and Investor Protection Guidelines, Listing Agreement Regulations relating to insider trading and takeover etc. ...