SEBI’s discussion paper on material events and price sensitive information
The Securities and Exchange Board of India (SEBI) has observed disparities in disclosures made under clause 36 and other related clauses of the Equity Listing Agreement. The discussion paper issued by the SEBI on 19 August 2014 aims to improve continuous disclosure requirements and reduce disparity in disclosures which primarily stem from a perceived lack of clarity on the term ‘materiality’ and ‘price sensitive information’. Comments are invited on the discussion paper by 12 September 2014.
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