During a conference in the National Capital, Rajesh Dangeti, Chief General Manager of Corporation Finance Department (CFD) of the Securities and Exchange Board of India (Sebi), also emphasized the need to ensure that information is not only given by companies, but also honestly and also in a way that is also easy to do by the investors.
He also wondered if there is a room to reduce the time frame for certain disclosures currently made on a quarterly basis.
According to SEBI standards, stated entities are required to make various disclosures in time to ensure that the interests of shareholders, in particular minority shareholders, are protected.
“It is all about how you ensure that information is not only often and in a way that is easily understood by the investors … You will see many disclosures where it probably leaves a lot for imagination.
“Personally, when I go through the disclosures that are given in the fairs, we find, yes, in letter there is a disclosure. But in the spirit, whether there is a disclosure. I think that should be kept in mind,” Dangeti said. He spoke at the conference on ‘Agile Governance: promoting transparency & construction trust’ organized by industry -body Ficci. In mention that he would like to leave some thoughts with the public, Dangeti wondered that the time has come to reduce the frequency of disclosures that are now being made for quarter.
“Nowadays we have a seduction mechanism that works well. We have technology that is gradually adjusted by all companies. But we are in a stage where many disclosures, including probably shareholder patterns, are given financial data, probably every three -monthly.
as a reliable and trusted news source“Do you think time has come? It is a question in the business world. Do you think the time has come when the frequency can be reduced? You have to look at it,” he said. PTI
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