SEBI mandate! If the news regarding the company circulates in the media, confirm or deny it within 12 hours

-

image : Wikipedia


The market regulator SEBI has asked the top 100 companies listed in the stock market that if any news or report related to them is circulating in the market, it has to be confirmed or denied before the stock exchange within 12 hours. This order has been issued with the objective of bringing more transparency in the market as well as bringing forward the disclosure of any incident within the time frame.

The rule will apply to 100 companies from October

The Board of Directors of SEBI held a meeting. In which it is stated that this rule will be applicable on the top 100 companies in terms of capitalization in the stock market from October 1, 2023. While this rule will be applicable on top 250 companies from 1 April 2024.

Information has to be presented within 30 minutes

Sebi also said that within 30 minutes of the meeting of the company's board of directors, any discussion or disclosure made in the board meeting has to be brought before the exchange. In fact, whenever there is a report or news about a listed company in the market, it takes one to two days for the company to disclose it, and during this time, the stock fluctuates greatly.

SEBI chairpersons did not comment on the Adani issue

SEBI Chairperson Madhavi Puri Buch declined to comment on the Adani issue, saying the matter is currently in court. SEBI approved several proposals to facilitate market order and company governance. It includes rules to end the practice of people being permanently retained on the board of directors of listed companies and to crack down on fraud by stockbrokers.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more