With this publication in the Gazette of India, SEBI put forth disclosure requirements and obligations for all listed securities. This is valid for entities already listed and those seeking to be listed. It also put forth guiding principles and clearly stated that “in case of any ambiguity or incongruity between the principles and relevant regulations, the principles specified shall prevail”.
| Focus: |
Governance |
| Publishing date: |
September 2015 |
| Effective from: |
December 2015 |
| Version: |
Final |
| Voluntary / Mandatory: |
Mandatory |
Relevance to investor:
An investor is assured a minimum compliance by listed entities in terms of listing obligations, disclosure requirements and guiding principles. This generates investor confidence as also reduces effort during their due diligence activities.
Objectives:
Effect Principles governing disclosures and obligations of listed entities
Institution behind the policy / framework: Securities and Exchange Board of India (SEBI), GoI
Target users: Listed entities in India
Components of the policy / framework:
- Principles divided into 59 sub-principles
- Obligations of different types of listed entities
View Regulation
