Cos may need to dis­close loan de­faults fast

India Business Journal - - NEWS ROUND-UP -

The SEBI is plan­ning to come up with a frame­work to en­sure timely dis­clo­sure of loan de­faults by listed com­pa­nies. "SEBI aims at ex­am­in­ing stip­u­la­tion of timely and de­tailed dis­clo­sures per­tain­ing to de­faults on debt obli­ga­tions by listed en­ti­ties to en­hance trans­parency," the mar­ket reg­u­la­tor has said in its an­nual re­port for 2017-18. The pro­posal may man­date listed com­pa­nies to dis­close to the stock ex­changes about their loan de­faults within one work­ing day of miss­ing a re­pay­ment. Once im­ple­mented, the move will help in­vestors take an in­formed de­ci­sion at the ear­li­est in case of loan de­faults by listed com­pa­nies.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.