Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 18, Thursday 2018 9:11 PM       

       HEADLINES: One dies as bus rams into bike in Kariavattom                                              Land deal: Don’t hide truth, make confessions, says diocese publication                                              Thomas Chandy’s wet-filling case: Vigilance team changed                                              I single-handedly killed my son: Jayamol details murder to police                                              Thomas Chandy’s wet-filling case: Vigilance submits FIR, Chandy made first accused                                              Rajini, Haasan share dais amid political buzz                                              One admission test for all engg colleges                                              CJI meets four senior-most SC judges                                              SC stays states' ban on ‘Padmavat’                                              EC announces dates for Meghalaya, Tripura, Nagaland Assembly polls                                              Trump's immigration checklist: Love for US, English, Skill                                              Sharapova roars into third round of Australian Open                                              Kohli named ICC Cricketer of the Year                                              Australian Open: Paes, Bopanna make winning start                                              Kohli becomes second India batsman to reach 900-point mark                                              Kaumudi Facebook
       BUSINESS Next Article: Tips to guide budding entrepreneurs  
       Sebi plans to revisit directive on loan default disclosure
 
         Posted on :16:49:15 Dec 25, 2017
   
A A
       Last edited on:16:49:15 Dec 25, 2017
         Tags: Sebi plans to revisit directive on loan defa
 
New Delhi: Markets regulator Sebi is considering to revisit its directive on 'loan default disclosure', which will make it mandatory for listed companies to inform stock exchanges about such issues as soon as they occur.
 
Besides, the markets watchdog is expected to apprise its board about its probe into circulation of unpublished price sensitive information about various listed companies through WhatsApp messages and other private social media groups.
 
These issues would be discussed during the board meeting of the Securities and Exchange Board of India (Sebi) this week, senior officials said.
 
The board will also consider whether the insider trading norms need to be tweaked to tackle such information leaks, they added.
 
Sebi has already launched a probe after reports recently indicated that price sensitive information relating to major companies listed in Indian stock exchanges were being circulated in WhatsApp groups, prior to the public announcement of quarterly results.
 
Circulation of unpublished price sensitive information and trading based on such information in the securities market is prohibited under the Sebi Insider Trading Regulations.
 
Last week, the regulator had conducted searches at premises of more than 30 market analysts and dealers and seized documents, computers, mobiles and laptops. This is one of the biggest operations since Sebi got the search and seizure powers.
 
The markets watchdog is looking to frame a new plan for listed companies to disclose loan defaults to exchanges as soon as they occur, officials said.
 
Earlier, Sebi had put off implementation of its directive "until further notice" that required listed firms to inform exchanges if they default on loan payments to banks and financial institutions, just a day before it was supposed to be implemented on October 1.
 
Sebi Chief Ajay Tyagi had said the directive was put on hold after banks had asked for more time as the Indian credit market was different from its Western counterparts where such a disclosure is mandatory.
 
In August, the regulator had directed listed companies to disclose from October 1 any payment defaults to banks and financial institutions within one working day of such a miss.
 
The move came against the backdrop of the government and the Reserve Bank of India stepping up efforts to tackle the menace of bad loans amounting to over Rs 8 lakh crore.
A A
       BUSINESS
Next Article: Tips to guide budding entrepreneurs
 
 
BUSINESS HEADLINES
Big blow to ‘Make in India’ as Japanese companies bag all key bullet train contracts  
Banks fuel markets Bull Run; Sensex, Nifty hit new peaks  
Netanyahu meets biz leaders over power breakfast  
Budget 2018: Hardware dealers suggest simplification of filing GST returns  
SBI to raise Rs 20,000 cr for affordable housing, infra  
Rupee rebounds 16 paise to 63.88 a dollar  
Patanjali to partner with Flipkart, Amazon  
GST meeting on Jan 18, to discuss real-estate  
Patanjali won't enter into partnerships with global firms: Ramdev  
Sensex retreats from record, slips 72 pts  
RIL to invest Rs. 5K cr in West Bengal: Ambani  
Financial Institutions to ensure US TIN for pre-existing accounts is reported  
UIDAI allows face recognition for Aadhaar authentication  
What women expect from Union Budget 2018  
Aadhaar biometric lock, a lesser-known security feature  
Govt to invite fresh applications for RBI deputy guv post  
Govt mulls tax-free gratuity of up to Rs. 20 lakh: Report  
Inflation will dip in January, claims SBI  
Commerce Secretary urges policy framework to address export financing woes  
ED arrests former Andhra Bank director  
Infosys President Rajesh Murthy steps down  
IT Dept reports significant hike in prosecutions against tax evaders  
Sensex, Nifty hit new highs on global cues  
French luxury group eyes investing over Rs. 3K cr in Patanjali  
Sensex regains 51 pts in early trade ahead of earnings  
 
Do you support withdrawal of Haj subsidy?
yes
 
no
 
no opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy