disclosure norms

Market regulator SEBI on Tuesday indicated that it could tighten the disclosure norms for transactions between related companies. “There is a scope for improvement...,” SEBI Chief C.B. Bhave said when asked if the measures taken by SEBI so far with r Full Article

The Insurance Regulatory and Development Authority (Irda) has issued disclosure norms for insurance companies, mandating them to publish accounts on a half-yearly basis. The disclosure norms are seen as a precursor to allowing insurance companies to hit the primary market. Full Article

The new Bill, which is likely to come up in the Budget session in 2010, proposes no cap on the remuneration of CEOs, letting the shareholders decide the issue. Thanks to the Companies Law Bill 2009, the expression ‘shareholders’ democracy’ is gaining in popularity. The Government argues that shareholders should have a say in deciding the managerial remuneration. But what does shareholders democracy actually mean? Full Article

The Government will soon be empowered to swiftly incorporate in the Companies Act any changes in accounting standards through the rules governing the Act. It will not have to go through the long process of amending the Act. Full Article

Insurance regulator IRDA proposes to come out with disclosure norms for initial public offering (IPO) by insurance companies by this month end, its chairman J Hari Narayan said on Friday. ”We will be ready with the disclosure norms by the end of this month,” Narayan, the chairman of the Insurance Regulatory and Development Authority, said. Full Article

Capital market regulator Sebi has amended the `rights issue’ norms that would now allow an issuer company to utilise the issue proceeds only after the basis of `allotment of rights share’ is finalised. Full Article

Reliance Communications has had a change of heart, in just three months, on the accounting treatment for reflecting changes in the rupee value of foreign currency loans raised to finance purchase of fixed assets. Full Article

The Managing Director / Administrator Stock Exchanges Dear Sirs, Sub: Simplified Listing Agreement for Debt Securities I. In order to develop the primary market for corporate bonds in India, SEBI has notified the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008. The regulations provide for a simplified regulatory framework for issuance and [...] Full Article