Sebi to review norms for penalty disclosure

Sebi, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, regardless of the amount, which has increased compliance burden. Previously, companies had discretion in disclosing fines. Critics argue that reporting even insignificant penalties, such as those representing a tiny fraction of a company's market capitalization, leads to unnecessary compliance burden and obscures truly significant disclosures.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/W7QevpX

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