Guidance Framework Soon For Companies To Make Right Disclosures: BSE


NEW YORK: As regulators and the government seek to provide greater safeguards for foreign and domestic investors, the stock exchanges will soon put in place a new framework to provide guidance to listed companies on making right disclosures, BSE CEO Ashishkumar Chauhan said.

This will enable the companies understand beforehand what kinds of disclosures they are required to make for investors to take informed decisions and help remove ambiguities and avoid unnecessary trouble for companies at a later stage, Chauhan said.

"One thing I would like to assure the international investors is that the Indian regulatory framework today is at the forefront of modern thinking about investor protection and investor rights," the BSE CEO told PTI in an interview.

Chauhan, who was here to participate in various business events planned in the backdrop of Prime Minister Narendra Modi's five-day visit to the US, also said that the capital markets regulator Sebi, the Ministry of Finance and the Corporate Affairs Ministry have strived in the last six months or so to ensure that investors' rights are protected in India.

"Sebi has also instructed the exchanges to ensure that the information provided by the listed companies fulfils the regulatory compliance aspect. If exchanges feel that the information is not sufficient, they can ask additional questions from the companies.

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Source: PTI